340 Ascot Vale Rd, Moonee Ponds is a 4 bedroom, 1 bathroom House with 1 parking spaces. The property has a land size of 586m2. While the property is not currently for sale or for rent, it was last sold in July 2021.
A rare and extraordinary opportunity with a broad range of enticing possibilities for the future, this large rectangular block sits in a prime position within Moonee Valley's designated activity centre. Housing a neat and comfortable family home - currently leased at $2520 per month - and abundant surplus land at the rear, this is an undeniably attractive development site with scope for a new multi-storey construction (STCA).
Prime opportunity in central Moonee Ponds
Land approx. 561sqm with wide street frontage
The current home incorporates an existing garage and off-street parking, while future commercial options are assured easy access via Ascot Vale Road and Mt Alexander Road trams, Gladstone Street public parking and Moonee Ponds Station. In close proximity to Moonee Ponds Junction, Moonee Ponds Central and Queens Park, the significance of this opportunity should not be underestimated!
The size of Moonee Ponds is approximately 4.4 square kilometres. It has 20 parks covering nearly 17.0% of total area. The population of Moonee Ponds in 2016 was 14250 people. By 2021 the population was 16224 showing a population growth of 13.8% in the area during that time. The predominant age group in Moonee Ponds is 30-39 years. Households in Moonee Ponds are primarily childless couples and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Moonee Ponds work in a professional occupation.In 2021, 58.90% of the homes in Moonee Ponds were owner-occupied compared with 60.30% in 2016.
Moonee Ponds has 11,067 properties. Over the last 5 years, Houses in Moonee Ponds have seen a 4.83% increase in median value, while Units have seen a 10.08% increase. As at 31 March 2026:
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