665 Derrimut RoadTarneit VIC 3029
Property Details for 665 Derrimut Rd, Tarneit
Last Listing description (May 2024)
LAWD is pleased to present for sale 665 Derrimut Road, Tarneit, an extremely rare opportunity to acquire a PSP approved residential development site within Melbourne's highly sought-after West Growth Corridor.
The key highlights of the opportunity include:
- PSP approved for Residential Use within the Tarneit North PSP
- Substantial 91.55m* frontage to Derrimut Road
- Located 600m* from Tarneit Train Station
- Highly efficient from a development perspective
- Immediate access to the future Major Town Centre
- Suitable for a high-quality townhouse scheme (STCA)
- Scarce supply of PSP approved development sites of this nature
The property is for sale by Expression of Interest closing 3pm Wednesday 17 April 2024.
Please contact a member of the LAWD Development Team to discuss this opportunity or to receive an Information Memorandum (IM).
Paul Callanan - 0478 652 468
Darcy Tobin - 0433 644 166
*Approx
Property History for 665 Derrimut Rd, Tarneit, VIC 3029
- 17 May 2024Listed for Sale Contact Agent
- 24 May 2018Listed for Sale SOLD - Price Withheld
- 15 Sep 2017Listed for Rent $300 / week
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About Tarneit 3029
The size of Tarneit is approximately 38.2 square kilometres. It has 50 parks covering nearly 3.6% of total area. The population of Tarneit in 2016 was 34562 people. By 2021 the population was 56370 showing a population growth of 63.1% in the area during that time. The predominant age group in Tarneit is 30-39 years. Households in Tarneit are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Tarneit work in a professional occupation.In 2021, 66.60% of the homes in Tarneit were owner-occupied compared with 67.70% in 2016.
Tarneit has 37,341 properties. Over the last 5 years, Houses in Tarneit have seen a 20.08% increase in median value, while Units have seen a 23.31% increase. As at 28 February 2026:
- The median value for Houses in Tarneit is $719,848 while the median value for Units is $535,123.
- Houses have a median rent of $530 while Units have a median rent of $460.
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