8 Formosa MewsGreenvale VIC 3059
Property Details for 8 Formosa Mews, Greenvale
Last Listing description (May 2026)
An exceptional and hard-to-find parcel of vacant land offering an enormous 5,903m² (approx.) in a quiet and tightly held pocket of Old Greenvale. Opportunities of this scale are extremely rare and highly sought after.
This premium block comes with approved plans for 12 townhouses, providing immediate development potential. Alternatively, a purchaser may choose to build one, two, or multiple homes subject to all relevant authority approval, making it ideal for developers, investors, or families wanting to create a private estate.
Key Features:
• Massive 5,903m² land size (approx.)
• Approved permit for 12 townhouses
• 6-metre-wide private driveway access
• Peaceful and secluded Old Greenvale location
• Flexible building options subject to all relevant authority approval
Perfectly positioned close to Greenvale Shopping Centre, reputable schools and local shops, while surrounded by natural beauty. Located beside Wallace Drive Reserve and extensive bushland, you’ll enjoy a tranquil country-style lifestyle while still being within easy reach of the city.
A truly unique and once-in-a-lifetime opportunity to secure a substantial landholding in a premium location - chances like this are rarely found again.
To receive further information, plans, or documentation, please email or contact Walter Mahch on 0402 989 300.
Property History for 8 Formosa Mews, Greenvale, VIC 3059
- 25 May 2026Sold for $2,250,000
- 22 May 2026Listed for Sale $2,250,000 - $2,390,000
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0About Greenvale 3059
The size of Greenvale is approximately 30.5 square kilometres. There are 25 parks, covering nearly 36.2% of the 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 11.59% increase in median value, while Units have seen a 30.99% increase. As at 30 June 2026:
- The median value for Houses in Greenvale is $964,483 while the median value for Units is $669,436.
- Houses have a median rent of $650 while Units have a median rent of $550.
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