Nelson Alexander Commercial are pleased to present 427-492 Porter Street Templestowe For Private Sale. This multi-faceted opportunity has secure income and future development (STCA) upside in a thriving location Key Features Include: > Favourable General Residential Zone 3 allows for existing medical use, or a luxury residential development (STCA) underpinned by a strong Templestowe median house price of $1,748,000 > Located on a high-profile corner and only 600m from Pines Shopping Centre, home to Coles, Aldi, Woolworths, Kmart, major banks and many specialty retail stores > On site carparking for 14 cars and easy access to the Melbourne CBD via the Eastern Freeway, plus bus routes along Blackburn Road 427-429 Porter Street, Templestowe is for sale via Expressions of Interest Closing Thursday 13th March at 3pm, for all enquiries or to arrange a private inspection, please contact exclusive agents Nelson Alexander Commercial. *approx.
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 7,367 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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