56 Victoria Rd, Lilydale is a 5 bedroom, 3 bathroom House with 2 parking spaces and was built in 1970. While the property is not currently for sale or for rent, it was last sold in September 2025. There are other 5 bedroom House sold in Lilydale in the last 12 months.
Nestled on a generous 878 square metre block, this property presents a prime opportunity for developers or renovation enthusiasts alike. With fantastic potential to renovate, extend, or pursue redevelopment (STCA), this residence offers a canvas brimming with possibilities.
The interior of the home is spacious and thoughtfully divided, offering a total of five bedrooms and three bathrooms. Upstairs, you'll find four generously sized bedrooms,
each exuding comfort and style. The master bedroom is a true retreat, featuring an en-suite bathroom and a walk-in robe, providing ample storage space. Additionally, there are two separate living zones, providing versatility and privacy for family members or guests. The central kitchen serves as the heart of the home, equipped with modern amenities and ample counter space for meal preparation.
A standout feature of the property is the expansive outdoor deck, boasting panoramic views over Lilydale and the picturesque Yarra Valley. This outdoor space presents an opportunity for enhancement or expansion to create an impressive entertainment area or alfresco retreat.
Downstairs, the accommodations continue to impress with another living zone, a large bedroom, a bathroom, and additional kitchen facilities. This layout provides flexibility and convenience, making it ideal for accommodating an elderly parent or family member who may prefer single-level living or greater independence.
Outside, the property offers ample parking options, including a large double carport, a spacious double lock-up garage, and additional off-street parking for a variety of vehicles.
In summary, this property offers a tantalising prospect for developers or renovation enthusiasts seeking a project with scope for transformation. With its spacious layout, outdoor potential, and ample parking, this residence presents an enticing opportunity to create a bespoke home or pursue redevelopment (STCA). To explore the full potential of this property, an inspection is essential.
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 9,692 properties. Over the last 5 years, Houses in Lilydale have seen a 29.91% increase in median value, while Units have seen a 18.93% increase. As at 31 October 2025:
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