1 Nicholas StreetLilydale VIC 3140
Property Details for 1 Nicholas St, Lilydale
Last Listing description (March 2026)
The property at 1 Nicholas Street, Lilydale, offers a lot of potential with its sizable 1100m block and a wide 22m frontage, ideal for redevelopment or subdivision (subject to council approval). Its location within walking distance of Lilydale station and nearby shopping centers adds significant appeal for future projects or tenants.
With a current lease in place until March 2025, it provides immediate rental income, making it an attractive proposition for investors looking to develop in the future. This opportunity is ideal for developers or investors seeking to capitalise on the strong demand in the thriving Lilydale real estate market.
Property History for 1 Nicholas St, Lilydale, VIC 3140
- 19 Mar 2025Sold for $890,000
- 29 Jan 2025Listed for Sale $890,000
- 13 Nov 2018Listed for Rent $350 / week
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About Lilydale 3140
The size of Lilydale is approximately 29.2 square kilometres. It has 23 parks covering nearly 9.7% of 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 9,706 properties. Over the last 5 years, Houses in Lilydale have seen a 26.21% increase in median value, while Units have seen a 28.73% increase. As at 28 February 2026:
- The median value for Houses in Lilydale is $1,004,104 while the median value for Units is $645,431.
- Houses have a median rent of $615 while Units have a median rent of $550.
Suburb Insights for Lilydale 3140
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