Perfectly positioned just a short stroll from the vibrant Yarra Glen town centre, this expansive 1,565sqm (approx.) corner allotment offers a rare, ready-to-go development opportunity in one of the Yarra Valley’s most sought-after locations.
Located at the corner of King Street and Faye Lane, this standout site comes complete with approved plans and permits for a four-lot subdivision — each with its own street frontage and scope for individually designed homes.
With a Planning Permit issued on 29 June 2022 and a Section 173 Agreement already in place with Yarra Ranges Council, registration of the subdivision is just around the corner — pending final infrastructure works and open space contribution.
What’s Already Done for You:
* Approved and endorsed town planning and subdivision plans
* Underground power and sewer connections to each lot
* Stormwater design complete and approved
* Landscaping and traffic plans signed off
* Working drawings, soil testing and structural engineering finalised
This is a true shovel-ready site with all the hard work done — saving you time, cost, and complexity.
Unbeatable Location:
* Walk to shops, cafes, schools, and walking trails
* Close to award-winning wineries and local attractions
* Easy access to the Melba Highway
Whether you're an experienced developer or looking for your first project, this property delivers a unique blend of lifestyle appeal and investment upside in a premium Yarra Glen setting.
Opportunities like this are rare — especially when they're this ready. Don't miss your chance to make your mark in the Yarra Valley!
The size of Yarra Glen is approximately 35.1 square kilometres. It has 7 parks covering nearly 1.9% of total area. The population of Yarra Glen in 2016 was 2869 people. By 2021 the population was 3012 showing a population growth of 5.0% in the area during that time. The predominant age group in Yarra Glen is 50-59 years. Households in Yarra Glen are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Yarra Glen work in a trades occupation.In 2021, 85.70% of the homes in Yarra Glen were owner-occupied compared with 82.40% in 2016.
Yarra Glen has 1,484 properties. Over the last 5 years, Houses in Yarra Glen have seen a 24.24% increase in median value, while Units have seen a -3.65% decrease. As at 31 December 2025:
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