960 Somerton RoadGreenvale VIC 3059
Property Details for 960 Somerton Rd, Greenvale
Last Listing description (June 2025)
Ray White is pleased to present a premier land banking opportunity at 960 Somerton Road, Greenvale, offered for sale by Expressions of Interest.
Nestled within the sought-after Greenvale suburb, this expansive landholding spans a total of 87.82* hectares (217.00* acres) and is strategically positioned just 22* kilometers north of Melbourne's CBD, within the City of Hume. Surrounded by established residential areas and with services available at the boundary, this property offers significant development potential (STPA). With established infrastructure and homes nearby, 960 Somerton Road is primed for future growth and is an ideal extension of Greenvale's urban development.
Adjacent to land holdings by renowned developer Wolfdene, it lies centrally between the town centres of Greenvale and Craigieburn, ensuring easy access to a wealth of amenities including schools, shopping precincts, medical services, restaurants, and community centres. Additionally, key transport hubs such as Melbourne Airport, Essendon Fields, and major employment zones like the Somerton Employment Precinct and the upcoming Beveridge Intermodal Freight Terminal are all within close reach. Enjoy the natural beauty of Woodlands Historic Park just at your doorstep, while taking in breathtaking panoramic views of Melbourne's CBD from the property's highest vantage point.
In Melbourne's strategic green wedge zones, no other properties match the scale, immediate infrastructure access, and future development potential (STPA) of 960 Somerton Road, Greenvale.
Key Investment Highlights:
Expansive area of 87.82* hectares (217.00* acres)
Melbourne's most in-demand suburb
Close proximity to essential services
Approx. 550m* of Somerton Road frontage
22* km to Melbourne's CBD and 10* minutes from Melbourne Airport
Central to Greenvale and Craigieburn town centres
Easy access to Melbourne Airport and Essendon Fields
Median house price of $875,000
Mickleham Road upgrade to be completed by mid-2025, adding lanes and improving traffic flow for the 25,000 daily vehicles
Surrounded by leading developers such as Stockland, Lendlease, Villawood, Satterley, Jinding, Resi Ventures, and Pask.
*Approximate
Expressions of Interest close on Friday, 21st March at 4PM (AEST).
For more details, please contact Garvit Mediratta on 0433 073 026.
Property History for 960 Somerton Rd, Greenvale, VIC 3059
- 12 Feb 2025Listed for Sale EOI CLOSED
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0About 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 11,099 properties. Over the last 5 years, Houses in Greenvale have seen a 18.81% increase in median value, while Units have seen a 20.78% increase. As at 28 February 2026:
- The median value for Houses in Greenvale is $965,390 while the median value for Units is $667,908.
- Houses have a median rent of $640 while Units have a median rent of $535.
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