Property Details for 1/40 Cave Hill Rd, Lilydale
1/40 Cave Hill Rd, Lilydale is a 2 bedroom, 1 bathroom House with 1 parking spaces.
Last Listing description (December 2025)
Perfectly positioned in the heart of Lilydale, this affordable and comfortable 2-bedroom home is ideal for first-home buyers, downsizers, or savvy investors. With its own title, a single lock-up garage, and a low-maintenance yard, it offers comfort and convenience in an unbeatable location.
Situated within walking distance to Lilydale’s main shopping strip and train station, this home makes everyday living easy. Inside, the layout includes a spacious living area, a functional kitchen with ample storage, and a neat central bathroom with a separate laundry.
Whether you’re looking for a home to move into, renovate, or rent out, this property presents an excellent opportunity in a sought-after suburb. With its fantastic location and attractive price point, it won’t last long. Contact us today to arrange an inspection!
Property History for 1/40 Cave Hill Rd, Lilydale, VIC 3140
- 13 Feb 2025Listed for Sale Under Contract
Recent sales nearby
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About Lilydale 3140
The size of Lilydale is approximately 29.2 square kilometres. There are 23 parks, covering nearly 9.7% of the total area. The population of Lilydale in 2016 was 16531 people. By 2021 the population was 17348 showing a population growth of 4.9% in the area during that time. The predominant age group in Lilydale is 50-59 years. Households in Lilydale are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Lilydale work in a professional occupation.In 2021, 77.60% of the homes in Lilydale were owner-occupied compared with 76.10% in 2016.
Lilydale has 9,686 properties. Over the last 5 years, Houses in Lilydale have seen a 17.02% increase in median value, while Units have seen a 18.61% increase. As at 31 May 2026:
- The median value for Houses in Lilydale is $1,003,033 while the median value for Units is $634,503.
- Houses have a median rent of $630 while Units have a median rent of $550.
Suburb Insights for Lilydale 3140
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