11 Rae St, Templestowe Lower is a 3 bedroom, 3 bathroom House with 3 parking spaces. The property has a land size of 742m2. While the property is not currently for sale or for rent, it was last sold in August 2023.
A beautiful family home in its own right, this property's deep rectangular allotment and dual crossovers indicate incredible development potential (STCA).
Highly desirable dimensions include multiple zones for living, dining, and entertaining - encompassing a free-flowing lounge, dining, and meals zone; a rear lounge/barroom, enclosed barbecue room, and north-facing patio opening onto verdant backyard surrounds.
Two generously proportioned bedrooms with private ensuites are joined by a third bedroom with main bathroom access. Along with tandem undercover carports, a garage with workshop, and a third carport, a separate building houses a storage room and outdoor bathroom.
Original in composition and style, materials include vaulted timber roofing, exposed internal brick, and carpeted living rooms. Further benefit is derived from sought-after rear northerly aspects, deep front & rear yards, and multiple outdoor entertaining spaces.
Classically comfortable, the existing home would benefit immeasurably from renovation and refreshment; while opportunities exist for lucrative dual-townhouse development (STCA).
Walking distance to Bulleen Plaza and scattered parkland, this property boasts easy access to Macedon Plaza, Templestowe shops, the M3 Freeway, and acclaimed private schools. Zoning is for Templestowe Valley Primary School & Templestowe College.
The size of Templestowe Lower is approximately 5.9 square kilometres. It has 20 parks covering nearly 11.5% of total area. The population of Templestowe Lower in 2016 was 13429 people. By 2021 the population was 14098 showing a population growth of 5.0% in the area during that time. The predominant age group in Templestowe Lower is 40-49 years. Households in Templestowe Lower are primarily couples with children and are likely to be repaying $3000 - $3999 per month on mortgage repayments. In general, people in Templestowe Lower work in a professional occupation.In 2021, 80.00% of the homes in Templestowe Lower were owner-occupied compared with 80.00% in 2016.
Templestowe Lower has 6,560 properties. Over the last 5 years, Houses in Templestowe Lower have seen a 25.36% increase in median value, while Units have seen a 20.40% increase. As at 30 November 2025:
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