1245 Mickleham Road, Greenvale, VIC 3059 | Property Value & History | OnTheHouse
 
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1245 Mickleham Road
Greenvale VIC 3059

Bedrooms: 3
Bathrooms: 1
Car spaces: 2
Land area: 446294m2
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Property Details for 1245 Mickleham Rd, Greenvale

Building Type
Commercial
Land Size
446294m2
Local Government
Hume
Lot/Plan
1/LP133953

Last Listing description (October 2024)

A prime piece of highly sought-after real estate has entered the market for the first time in over forty years! This expansive 110-acre property is surrounded by approved properties under the Precinct Structure Plan (PSP) and boasts a vast, perfectly flat landscape without any additional overlays. The extension of Mickleham Road highlights the rapid population growth in Melbourne's northern suburbs.

With the potential to accommodate over 700 residential lots (subject to council approval), ranging from 400 to 700 square meters each, this property has undergone comprehensive evaluations for inclusion within the Urban Growth Boundary (UGB) and has been a key focus of strategic expansion efforts. Surrounded by significant developments from renowned developers like PEET, Potter George, HB Land, JinDing, and Satterley Group.

Following the recent finalization of the Craigieburn West PSP in August 2022, along with a noticeable shortage of housing, this property presents an appealing opportunity at its current offering price. The site is considered one of the premier landholding and development opportunities in the northern suburbs.

Key Features:
- Total Area of 44.59 hectares (Approx.)
- Potential to yield 700 residential lots (subject to council approval)
- No overlays and completely flat terrain
- Corner Allotment with access from Dunhelen Lane
- Positioned among other major developers
- Approximately 280 meters of Mickleham Road frontage
- Located in one of Melbourne's fastest-growing suburbs
- Less than 30 kilometres from Melbourne CBD, only 10 minutes from Melbourne Airport, and other major employment centres
- Median house price of $850,000 in Greenvale
- Close proximity to essential infrastructure such as schools, community centres, and shopping facilities
- Neighbouring the Council's GWZ holding block on 1275 Mickleham Road

Terms:
- Consideration of medium to long-term settlement
- Flexible deposit arrangements
- Open to conditional and unconditional offers

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Property History for 1245 Mickleham Rd, Greenvale, VIC 3059

A timeline of how this property has performed in the market
  • 17 Apr 2024
    Listed for Sale CONTACT AGENT
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About Greenvale 3059

The size of Greenvale is approximately 30.5 square kilometres. It has 25 parks covering nearly 36.2% of total area. The population of Greenvale in 2016 was 15466 people. By 2021 the population was 21274 showing a population growth of 37.6% in the area during that time. The predominant age group in Greenvale is 30-39 years. Households in Greenvale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Greenvale work in a professional occupation.In 2021, 85.60% of the homes in Greenvale were owner-occupied compared with 88.80% in 2016.

Greenvale has 11,107 properties. Over the last 5 years, Houses in Greenvale have seen a 15.87% increase in median value, while Units have seen a 25.04% increase. As at 30 April 2026:

  • The median value for Houses in Greenvale is $966,957 while the median value for Units is $673,558.
  • Houses have a median rent of $650 while Units have a median rent of $550.
There are currently 95 properties listed for sale, and 10 properties listed for rent in Greenvale on OnTheHouse. According to Cotality's data, 665 properties were sold in the past 12 months in Greenvale.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.

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