HALF ACRE OF POSSIBILITIES
$1,000,000+ THIS IS AN IDEAL SITE FOR DEVELOPERS AND OWNER BUILDERS, WITH ALMOST HALF AN ACRE (APPROXIMATELY 1986 SQM) OF FLAT LAND IN AN ESTEEMED AVENUE, IN AN ENVIABLE LOCATION. NESTLED BETWEEN THE DINING AND SHOPPING HUBS OF TEMPLESTOWE VILLAGE AND THE PINES SHOPPING CENTRE, THIS GENEROUS ALLOTMENT MAY BE SUBDIVIDED INTO 1, 2 OR 3 LOTS, ERECTING NEW DWELLINGS OR SIMPLY BUILD YOURSELF AN IDYLLIC HOME (SUBJECT TO COUNCIL APPROVAL) AND ENJOY THE SPACE! WITH A COVENANT PROTECTING THIS PROPERTY, A MAXIMUM OF THREE DWELLINGS CAN BE ERECTED, THUS PROVIDING UP TO THREE WELL-SIZED PRESTIGE BLOCKS. WALK TO THE BUS STOP THAT OFFERS A MINIMUM OF 2 ROUTES, TRAVELLING BETWEEN BOTH SHOPPING CENTRES. VACANT BLOCKS IN TEMPLESTOWE ARE RARE, SO THIS IDEALLY POSITIONED ALLOTMENT PRESENTS A BRILLIANT OPPORTUNITY WITH SEVERAL POSSIBILITIES!
The size of Templestowe is approximately 16.2 square kilometres. It has 41 parks covering nearly 33.0% of total area. The population of Templestowe in 2016 was 16618 people. By 2021 the population was 16966 showing a population growth of 2.1% in the area during that time. The predominant age group in Templestowe is 50-59 years. Households in Templestowe are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Templestowe work in a professional occupation.In 2021, 82.30% of the homes in Templestowe were owner-occupied compared with 83.00% in 2016.
Templestowe has 7,392 properties. Over the last 5 years, Houses in Templestowe have seen a -3.08% decrease in median value, while Units have seen a 12.91% increase. As at 30 April 2026:
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