1494-1496 North RoadClayton VIC 3168
Property Details for 1494-1496 North Rd, Clayton
Last Listing description (October 2025)
This landmark site presents a truly unique chance to secure one of Clayton’s most tightly held development opportunities. Situated directly opposite Monash University and only minutes from Monash Medical Centre, this substantial double allotment of approx. 1,576sqm is zoned Residential Growth Zone (RGZ3) and comes with endorsed plans and permits for a premium student accommodation development.
Perfectly positioned only moments from Monash University and the future Suburban Rail Loop (SRL) Clayton Station, this project is ready to capitalise on one of Melbourne’s strongest growth corridors.
• Endorsed Plans & Permits – ready for immediate transformation
• 5-Level Building + Basement designed by Alta Architecture
• 93 student accommodation rooms, thoughtfully planned for comfort and functionality
• Secure basement parking for 31 cars with car stackers, plus ample bicycle storage
• Communal lifestyle facilities including study zones, lounge areas, shared kitchens and landscaped outdoor terraces
• Prime location – across the road from Monash University Clayton Campus, close to Monash Medical Centre, Clayton Shopping Village and transport
• Within 500m of the future Suburban Rail Loop (SRL) Clayton Station, delivering unparalleled connectivity across Melbourne
• Future Upside: Potential 27m (7–8 storeys) building height allowance, subject to gazettal of the current Draft SRL East Structure Plan – Clayton (STCA)
With a strategic position in Melbourne’s premier education, health and research precinct, this site offers developers and investors a rare, shovel-ready project. The combination of RGZ3 zoning, approved plans for 93 rooms + 31 car parks, and direct proximity to Monash University ensures long-term rental demand and significant investment upside.
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Disclaimer: We have in preparing this document used our best endeavors to ensure that the information contained in this document is true and accurate, but accept no responsibility and disclaim all liability in respect to any errors, omissions, inaccuracies or misstatements in this document. Prospective purchasers should make their own enquiries to verify the information contained in this document. Purchasers should make their own enquires and refer to the due diligence check-list provided by Consumer Affairs. Click on the link for a copy of the due diligence check-list from Consumer Affairs. http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 1494-1496 North Rd, Clayton, VIC 3168
- 30 Oct 2025Sold for $3,600,000
- 28 Aug 2025Listed for Sale Contact Agent
- 17 Aug 2019Sold for $3,850,000
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About Clayton 3168
The size of Clayton is approximately 7.9 square kilometres. It has 9 parks covering nearly 4.1% of total area. The population of Clayton in 2016 was 19358 people. By 2021 the population was 18988 showing a population decline of 1.9% in the area during that time. The predominant age group in Clayton is 20-29 years. Households in Clayton are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Clayton work in a professional occupation.In 2021, 35.60% of the homes in Clayton were owner-occupied compared with 35.20% in 2016.
Clayton has 12,271 properties. Over the last 5 years, Houses in Clayton have seen a 17.70% increase in median value, while Units have seen a 23.00% increase. As at 30 November 2025:
- The median value for Houses in Clayton is $1,323,087 while the median value for Units is $698,714.
- Houses have a median rent of $620 while Units have a median rent of $595.
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