55 Armstrong Road, Mccrae, VIC 3938 sold on 13 August 2026 | OnTheHouse
SOLD
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Sold on 13 Aug 2026 for $700,000

55 Armstrong Road
Mccrae VIC 3938

Bedrooms: -
Bathrooms: -
Car spaces: 2
Floor area: 80m2
Land area: 948m2
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Property Details for 55 Armstrong Rd, Mccrae

Building Type
Land
Year Built
1970
Floor Size
80m2
Land Size
948m2
Local Government
Mornington Peninsula
Lot/Plan
128/LP31231

Last Listing description (August 2026)

Flat Blue-Chip Coastal Block with Strong Development Upside (STCA)

Prime 948sqm Development Site with Subdivision Potential (STCA)


An outstanding opportunity awaits at 55 Armstrong Road, McCrae - a substantial 948sqm (approx.) flat and cleared allotment primed for subdivision and residential development (STCA).

With its generous proportions, wide frontage, and highly usable layout, this is the ideal site for developers, builders, or investors seeking their next multi-dwelling project. Whether you're planning a boutique townhouse development or a premium dual-occupancy build, the foundations are already in place for a rewarding outcome.

Perfectly positioned in a tightly held coastal pocket, the property combines development flexibility with strong lifestyle appeal - a winning formula for future resale or investment success.

Development & Construction Highlights:

• 948sqm (approx.) flat, cleared allotment
• Wide frontage allowing flexible design outcomes
• Ideal for subdivision and multi-townhouse development (STCA)
• Potential for 2 or 3 premium residences (STCA)
• Excellent site dimensions for efficient building envelopes
• Blank canvas with no demolition required
• Strong resale appeal in a sought-after coastal market
• Attractive opportunity for builders, developers, and land-bank investors

Location Advantages:

• Less than 3km (approx.) to the beach and foreshore
• Positioned in a highly desirable pocket of McCrae
• Easy freeway access for seamless city commuting
• Close to shops, cafés, schools, and essential amenities
• Strong demand for quality new builds in the area

Rarely does a development-ready site of this size, flexibility, and location become available. Secure this exceptional parcel and capitalise on the opportunity to deliver a high-quality residential project in one of the Mornington Peninsula's most sought-after coastal communities.

Property History for 55 Armstrong Rd, Mccrae, VIC 3938

A timeline of how this property has performed in the market
Last Sold
$700,000
13 Aug 2026
  • 13 Aug 2026
    Sold for $700,000
  • 27 Nov 2025
    Listed for Sale $760,000 - $820,000
  • 30 Jul 2024
    Listed for Sale $840,000 - $875,000
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About Mccrae 3938

The size of Mccrae is approximately 4.3 square kilometres. There are 8 parks, covering nearly 23.8% of the total area. The population of Mccrae in 2016 was 2823 people. By 2021 the population was 3311 showing a population growth of 17.3% in the area during that time. The predominant age group in Mccrae is 60-69 years. Households in Mccrae are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mccrae work in a professional occupation.In 2021, 80.70% of the homes in Mccrae were owner-occupied compared with 77.00% in 2016.

Mccrae has 2,595 properties. Over the last 5 years, Houses in Mccrae have seen a -8.73% decrease in median value, while Units have seen a -3.69% decrease. As at 31 August 2026:

  • The median value for Houses in Mccrae is $958,743 while the median value for Units is $751,204.
  • Houses have a median rent of $800 while Units have a median rent of $595.
There are currently 31 properties listed for sale, and 4 properties listed for rent in Mccrae on OnTheHouse. According to Cotality's data, 89 properties were sold in the past 12 months in Mccrae.

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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.