Secure a Rare Development Opportunity in Melbourne's Fastest-Growing Corridor!
An exceptional opportunity awaits to secure a substantial landholding in the heart of Wallan's thriving growth corridor. Set on approximately 5,986 sqm and zoned General Residential (GRZ1), this versatile site offers exciting potential for future development (STCA) - with the added advantage of immediate holding income.
Whether you're a developer, investor, or land banker, opportunities of this calibre are increasingly rare. With strong market demand and clear development upside, this is one not to be missed.
Property Highlights
• Zoning: General Residential Zone - Schedule 1 (GRZ1)
• Land Area: Approx. 5,986 sqm* with a wide 87m street frontage
• Services: Fully serviced and available at the doorstep
• Development Potential: Ideal for townhouse development, subdivision, or long-term land banking (STCA)
• Prime Location: Walking distance to Wallan's vibrant town centre, shops, cafes, schools, and sports facilities
• Transport Links: Only 5 minutes to Wallan Train Station and under an hour to Melbourne CBD
• Education Access: Close to Wallan Primary School and Wallan Secondary College
Existing Improvements
• Well-maintained home featuring 3 spacious bedrooms, central bathroom, open-plan kitchen/meals/living area, and separate rumpus room
• Decked outdoor entertainment area
Large 6-car freestanding brick garage
• Home and garage positioned near the right-side boundary - providing excellent subdivision potential (STCA)
• Opportunity for rental income while you plan your next steps
Why Invest Here?
Set in one of Melbourne's fastest-growing corridors, this property combines location, land size, and zoning to present a powerful investment and development opportunity. With Wallan's continued expansion and increasing demand for residential housing, this site is primed for strong future growth.
Contact Agents
Gurdeep Singh - 0450 541 013
Yadwinder Singh Thakur - 0452 670 086
Interested parties should conduct their own due diligence prior to making any submissions. All information provided is for general guidance only and does not constitute any representation on behalf of the vendor or agent.
Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
The size of Wallan is approximately 69.7 square kilometres. It has 13 parks covering nearly 0.6% of total area. The population of Wallan in 2016 was 11074 people. By 2021 the population was 15004 showing a population growth of 35.5% in the area during that time. The predominant age group in Wallan is 30-39 years. Households in Wallan are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Wallan work in a trades occupation.In 2021, 76.30% of the homes in Wallan were owner-occupied compared with 77.80% in 2016.
Wallan has 10,222 properties. Over the last 5 years, Houses in Wallan have seen a 14.95% increase in median value, while Units have seen a 36.10% increase. As at 31 March 2026:
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