A rare opportunity for builders and developers to commence immediate construction upon this outstanding 897sqm approx. allotment, with the hard work of plans and permits already complete and approval granted for 16 stylish apartments. Alternatively, developers may wish to place their own stamp on the allotment and design their own project (STCA). Detailed in the current plans, you'll find 16 apartments, 15 x 2-bedroom apartments with the remaining apartment configured to include a single bedroom. The basement has been reserved for parking, with 8 spaces earmarked for occupants plus another 3 visitor spaces. Most importantly, the site rests in a high return investment suburb only a short stroll from the upgraded Murrumbeena Train Station, shops and eateries, with convenient access to Carnegie Shopping Village, Monash Uni, Murrumbeena Primary, Glen Eira College, Chadstone Shopping Centre, parkland plus Monash Freeway.
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The size of Murrumbeena is approximately 2.6 square kilometres. It has 8 parks covering nearly 9.6% of total area. The population of Murrumbeena in 2016 was 9926 people. By 2021 the population was 9996 showing a population growth of 0.7% in the area during that time. The predominant age group in Murrumbeena is 30-39 years. Households in Murrumbeena are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Murrumbeena work in a professional occupation.In 2021, 61.60% of the homes in Murrumbeena were owner-occupied compared with 59.50% in 2016.
Murrumbeena has 5,766 properties. Over the last 5 years, Houses in Murrumbeena have seen a 16.19% increase in median value, while Units have seen a 1.13% increase. As at 31 December 2025:
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