4 Mcgahy St, Templestowe Lower is a 3 bedroom, 1 bathroom House with 2 parking spaces and was built in 1960. The property has a land size of 837m2.This Property is currently listed for sale with Barry Plant - Doncaster East
Build 3 luxury townhouses with endorsed plans and permits!
This Blue-Chip Location to die for Is just a stone throw away from Macedon Square Shopping Centre and 67-minute walk to the exclusive shops at Westfield Doncaster.
So, when you have a chance to skip the queue and secure a large 837sqm (approx.) of prime DDO8 zoned allotment with endorsed plans and permits for 3 luxury townhouses with views, you know youll have to move quickly to secure this first-class development opportunity.) or Land Bank it!
With all the time-consuming work involved, you can commence the building process the instant the keys to this property are in your hand! Once complete, your future development will stand within a short walk of Macedon Square, Manningham Medical Centre, Westfield Doncaster, city-bound buses and the Eastern Freeway/Eastlink great for a quick commute into the CBD or the head down the sandy shoreline along the Mornington Peninsula.
An existing single-level three-bedroom home currently occupies the block, and with a generous light-filled living area, spacious well-appointed kitchen, large, grassed backyard, and a bright family bathroom, you could lease out the home and line your pockets with income until you are ready to get construction underway. Desirably zoned for Templestowe College and Templestowe Heights Primary School as well as Private School Bus routes.
This is a rare opportunity in a family-favoured locale, whatever you decide to do, you will reap blue-chip rewards for years to come.
*Contact agent to view approved plans and permits to construct 3 townhouses.
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 2.03% increase in median value, while Units have seen a 15.13% increase. As at 30 April 2026:
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