24 Albert Hill Rd, Lilydale is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1900. The property has a land size of 866m2 and floor size of 99m2. While the property is not currently for sale or for rent, it was last sold in July 2003.
Builders and developers, you're invited to check out the potential of this extensive property, boasting a large and flat grand total of 864m2 (approx.). Ideally located in the versatile RGZ1 with a DDO7 overlay, you will quickly realise this is virtually a once in a lifetime opportunity.
The level soil screams for a multi dwelling development of new townhouses (STCA), This is a street that is seeing increasing quality development with younger families and downsizers wanting to position themselves in this popular location leaving this as an investment with solid future potential.
Lilydale is thriving and has experienced unprecedented growth in recent times and is continuing to boom. Located roughly 40 kilometres from Melbourne CBD it is an area that provides fantastic lifestyle benefits with its proximity to amenities, outdoor recreational facilities and easy access to the gourmet delights of the Yarra Valley.
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 9,691 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:
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