Property Details for 163 William St, Wallan
163 William St, Wallan is a 3 bedroom, 1 bathroom House with 5 parking spaces and was built in 1960. While the property is not currently for sale or for rent, it was last sold in September 2022.
Last Listing description (February 2026)
Lifestyle Living in PSP with Development Potential
Prime Investment Opportunity in Wallan
Mann Estate Agents proudly offers an exceptional development or lifestyle property situated in the heart of Wallan, only 40 kilometres from Melbournes CBD. The property is located within the King Queen Street Development Overlay, making it a unique and valuable investment opportunity in an approved Precinct Structure Plan (PSP). Rarely does such a sensible lifestyle investment arise, and the current owners have secured approval for eight SDA villa units.
Key Property Features
The site includes an updated three-bedroom family home, currently leased for $550 per week. In addition, there is a spacious shed on the property that, although it requires renovation, has the potential to generate another income stream once improved.
Development Potential
Spanning over an acreapproximately 4,154 square metersthe property presents a superb opportunity for savvy developers or investors to acquire a remarkable asset in a prime location. The dual-side access further increases the appeal, offering flexibility and making subdivision a viable option, subject to council approval.
Convenient Location
Residents can enjoy a short walk to the main street shopping precinct and sporting grounds. Major retailers such as Aldi, Coles, Woolworths, McDonalds, KFC, as well as doctors, dentists, pharmacies, restaurants, and the local shopping centre, are all less than a ten-minute walk away. Wallan is recognized as one of Melbournes fastest-growing outer areas, offering substantial growth potential. This is a rare opportunity to secure a property with outstanding prospects.
Contact Information
For further details, contact Dinesh at 0477 883 814 or Avi at 0474 269 237 today!
Photo ID Required Upon Inspection
Due diligence checklist - for home and residential property buyers - http://www.consumer.vic.gov.au/duediligencechecklist.
This document has been prepared to assist solely in the marketing of this property. While all care has been taken to ensure the information provided herein is correct, we do not take responsibility for any inaccuracies.
Property History for 163 William St, Wallan, VIC 3756
- 27 Feb 2026Listed for Sale $900,000 to $990,000
- 27 Jun 2025Listed for Sale $1,200,000 to $1,250,000
- 15 Mar 2023Listed for Rent $450 per week
Recent sales nearby
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0About Wallan 3756
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 10,223 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:
- The median value for Houses in Wallan is $674,820 while the median value for Units is $508,928.
- Houses have a median rent of $470 while Units have a median rent of $430.
Suburb Insights for Wallan 3756
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