328 Diamond Creek RoadDiamond Creek VIC 3089
Property Details for 328 Diamond Creek Rd, Diamond Creek
328 Diamond Creek Rd, Diamond Creek is a 5 bedroom, 3 bathroom House. The property has a land size of 11410m2. While the property is not currently for sale or for rent, it was last sold in August 2026. There are other 5 bedroom House sold in Diamond Creek in the last 12 months.
Last Listing description (September 2026)
EXPRESSIONS OF INTEREST CLOSING THURSDAY 10TH SEPTEMBER AT 1PM (UNLESS SOLD PRIOR)
Jellis Craig. Set across an expansive landholding of approximately 1.14 hectares (11,413sqm), this exceptional property represents a rare and highly sought-after opportunity to secure a permit-approved residential land development site in the heart of Diamond Creek.
The endorsed plans provide for a staged subdivision comprising 11 residential lots plus a balance lot with 2 homes designed, thoughtfully planned to maximise the sites natural elevation, outlook, and accessibility. Each allotment varies in size and orientation, offering flexibility for a range of housing outcomes in a market with strong demand for quality land supply.
Positioned with a gentle rise and selective tree coverage, the site captures elevated aspects of the distant ranges and leafy surrounds, enhancing its appeal for future purchasers. The subdivision layout incorporates internal road access, services infrastructure, and considered lot configuration, allowing developers to proceed with confidence. Currently, the site offers a substantial home separated into multiple dwellings, and offering the ability to achieve a strong income potential for those looking to land bank the site.
With planning permit approval already in place (Nillumbik Shire Council Ref: 820/2022/14P), significant time and risk associated with the planning process has been mitigated, presenting an outstanding turnkey development opportunity.
Ideally located just moments from Greensborough and St Helenas retail precincts, schools, and public transport, the property also enjoys convenient access to Diamond Creek central, Eltham, and major arterial routes such as the M80, ensuring strong end-buyer appeal.
Property History for 328 Diamond Creek Rd, Diamond Creek, VIC 3089
- 26 Aug 2026Sold for $2,900,000
- 20 May 2026Listed for Sale $2,950,000 - $3,200,000
Recent sales nearby
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0About Diamond Creek 3089
The size of Diamond Creek is approximately 17.9 square kilometres. There are 31 parks, covering nearly 6.2% of the total area. The population of Diamond Creek in 2016 was 11733 people. By 2021 the population was 12503 showing a population growth of 6.6% in the area during that time. The predominant age group in Diamond Creek is 50-59 years. Households in Diamond Creek are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Diamond Creek work in a professional occupation.In 2021, 88.30% of the homes in Diamond Creek were owner-occupied compared with 87.10% in 2016.
Diamond Creek has 5,693 properties. Over the last 5 years, Houses in Diamond Creek have seen a 3.55% increase in median value, while Units have seen a 3.32% increase. As at 31 July 2026:
- The median value for Houses in Diamond Creek is $1,050,317 while the median value for Units is $726,059.
- Houses have a median rent of $683 while Units have a median rent of $650.
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