15 Raes RoadSunbury VIC 3429
Property Details for 15 Raes Rd, Sunbury
15 Raes Rd, Sunbury is a 4 bedroom, 2 bathroom House with 2 parking spaces. The property has a land size of 20000m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
Last Listing description (May 2026)
Manifest Real Estate proudly presents 15 Raes Road, Sunbury - an exceptional and tightly held development opportunity positioned within the approved Lancefield Road Precinct Structure Plan (PSP), one of Melbourne's most active and rapidly expanding residential growth corridors.
With 100% developable land across approximately 5 acres* (approx. 2.01 hectares), this is a rare chance for developers and astute investors to secure a premium landholding with a clear and established planning pathway, surrounded by some of Sunbury's most exciting new residential estates.
Why This Property Stands Out:
Located within the APPROVED Lancefield Road PSP - no rezoning risk
100% developable land - maximum lot yield potential (approx. 32-36 lots, STCA)
Currently tenanted generating $650 per week holding income
Surrounded by active estates including Kingsfield, Redstone, Kimberley & many more
Proposed future Sunbury North train station within close proximity
Just 20 minutes to Melbourne Airport and 40 minutes to the CBD
Sunbury's population projected to grow from 44,450 to over 105,000 by 2046
Walking distance to future town centre, schools and community infrastructure
Heaps of new residential estates coming to the area - demand has never been stronger
The Numbers That Matter:
Land Area: 5 acres* (approx. 2.01 ha)
Developable: 100%
Rental Income: $650/week ($33,800 p.a.)
Estimated Lot Yield: 32-36 lots* (STCA)
Opportunities of this calibre within an approved PSP and of this size are becoming increasingly scarce. Whether you are an established developer, a land banker or a joint venture partner, 15 Raes Road presents an outstanding entry into one of Victoria's premier growth precincts.
For further information, to request the Information Memorandum, or to arrange an inspection, please contact:
Rishi Vohra - Manifest Real Estate on 0448 977 264
*Approximate area. All lot yields are indicative only and subject to detailed planning, survey and council approval (STCA). Purchasers should rely on their own enquiries.
Please see the below link for an up-to-date copy of the Due Diligence Check List: http://www.consumer.vic.gov.au/duediligencechecklist
Property History for 15 Raes Rd, Sunbury, VIC 3429
- 10 May 2026Listed for Sale $5,000,000 - $5,500,000
- 18 Mar 2025Listed for Rent $630 / week
- 21 Aug 2023Sold for $3,700,000
Recent sales nearby
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0About Sunbury 3429
The size of Sunbury is approximately 132.0 square kilometres. It has 93 parks covering nearly 5.3% of total area. The population of Sunbury in 2016 was 36084 people. By 2021 the population was 38851 showing a population growth of 7.7% in the area during that time. The predominant age group in Sunbury is 30-39 years. Households in Sunbury are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Sunbury work in a professional occupation.In 2021, 77.60% of the homes in Sunbury were owner-occupied compared with 76.50% in 2016.
Sunbury has 25,341 properties. Over the last 5 years, Houses in Sunbury have seen a 21.17% increase in median value, while Units have seen a 22.66% increase. As at 30 April 2026:
- The median value for Houses in Sunbury is $772,169 while the median value for Units is $534,328.
- Houses have a median rent of $550 while Units have a median rent of $455.
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