Positioned on a substantial 845m² (approx.) corner allotment in a highly accessible Lavington location, 298 Union Road presents an outstanding opportunity for renovators, investors, and developers alike.
The existing home, although unlivable, offers buyers the chance to renovate and add significant value. While the home requires updating, the real appeal lies in the versatility of the site and the opportunities it presents.
What makes this offering particularly compelling is that the neighbouring property at 299 Clarence Street is also available for purchase. Together, these two properties create a substantial landholding with exciting multi-dwelling development potential, subject to council approval. With flat land, corner positioning and dual street access, this is a rare opportunity to secure a development site in an established and well-connected residential location.
Conveniently located within close proximity to Lavington Square Shopping Centre, schools, sporting facilities, parks and public transport, the property offers excellent accessibility for owner-occupiers, tenants and future purchasers alike.
Whether you're looking to undertake a renovation project, secure an investment with future upside, or explore development opportunities, this is a property that rewards vision and offers genuine potential.
Opportunities to secure a corner allotment of this size, with the added advantage of a neighbouring property also available, are becoming increasingly difficult to find.
Disclaimer: All information regarding this property is from sources we believe to be accurate, however, we cannot guarantee its accuracy. Interested persons should make and rely on their own enquiries in relation to inclusions, figures, measurements, dimensions, layout, furniture and descriptions.
The size of Lavington is approximately 14.8 square kilometres. There are 11 parks, covering nearly 3.2% of the total area. The population of Lavington in 2016 was 12472 people. By 2021 the population was 13073 showing a population growth of 4.8% in the area during that time. The predominant age group in Lavington is 20-29 years. Households in Lavington are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Lavington work in a trades occupation.In 2021, 56.40% of the homes in Lavington were owner-occupied compared with 58.10% in 2016.
Lavington has 7,993 properties. Over the last 5 years, Houses in Lavington have seen a 84.62% increase in median value, while Units have seen a 68.15% increase. As at 31 July 2026:
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