507 Ballarat RoadAlbion VIC 3020
Property Details for 507 Ballarat Rd, Albion
Last Listing description (April 2026)
An outstanding development opportunity is on offer with this prime parcel of project land located immediately adjacent to Albion Train Station.Set on approximately 544m with an impressive 67-metre street frontage, this site is zoned Activity Centre Zone (ACZ1) and positioned less than 100 metres from Albion Train Station, offering exceptional connectivity and long-term growth potential. Sunshine Shopping Centre is just 1 kilometre away, while easy access to major arterial roads ensures seamless connectivity to the wider metropolitan area.A planning permit has already been approved, allowing developers to proceed with confidence. The permit provides for a five-storey mixed-use development, comprising: Three ground-floor commercial shops Fourteen residential apartments (four two-bedroom and ten one-bedroom residences)The sale includes architectural and engineering drawings.This is a rare opportunity to secure a permit-approved development site in a high-demand, transport-oriented location, ideal for investors and developers seeking strong future returns in a well-connected urban hub.For further details, contact Brenda Ngan on 0435 152 545 or Howard Feilding on 0449 654 958.
Property History for 507 Ballarat Rd, Albion, VIC 3020
- 09 Apr 2026Listed for Sale $1,000,000 - $1,100,000
- 17 Dec 2025Listed for Sale $1,000,000 - $1,100,000
- 20 Jan 2025Listed for Sale $1,100,000-$1,210,000
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About Albion 3020
The size of Albion is approximately 2.5 square kilometres. It has 8 parks covering nearly 23.6% of total area. The population of Albion in 2016 was 4731 people. By 2021 the population was 4334 showing a population decline of 8.4% in the area during that time. The predominant age group in Albion is 30-39 years. Households in Albion are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Albion work in a professional occupation.In 2021, 50.80% of the homes in Albion were owner-occupied compared with 48.50% in 2016.
Albion has 2,753 properties. Over the last 5 years, Houses in Albion have seen a 13.72% increase in median value, while Units have seen a 2.64% increase. As at 31 March 2026:
- The median value for Houses in Albion is $807,026 while the median value for Units is $429,169.
- Houses have a median rent of $505 while Units have a median rent of $393.
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