26 Meryl Street, Doncaster East VIC 3109
26 Meryl Street, Doncaster East VIC 3109
Permit-ready two-townhouse site | 728sqm high-side land | City skyline views | Beverley Hills Primary zone | Redevelopment potential
This is a rare permit-ready infill site on a high-side street, with approved plans for two dual-level brick veneer townhouses. Its 728sqm cleared parcel and city skyline views give it a positional edge that is uncommon in this pocket. The property sits within the Beverley Hills Primary School zone, a consistent driver for family demand, and the immediate area is a mix of established homes and new builds, so this development site responds directly to the local redevelopment trend. It is best suited to a small-scale developer or a buyer wanting to build two homes and hold or sell one.
Value may be influenced by the finish standard applied to the approved townhouse plans, as the permit sets the form but not the presentation. High-side site costs, such as retaining or drainage, might also affect feasibility, and the skyline view could be partially screened by future two-storey development. Competition is expected from both owner-occupiers and developers, so the final price will likely track the local infill market rather than land alone.
Detailed Independent Property Report prepared by PropCred Analyst team for 26 Meryl Street, Doncaster East VIC 3109
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
1
URL has been copied successfully!
Market Insight
Doncaster East presents as a premium, established family market, with a clear divergence between houses and units. The median house price is $1.61m, showing 1.8% annual growth; units sit at $853,000, up 1.6% on one measure but down between 4.9% and 10.4% on others. Demand is driven by high-income households and strengthening rental conditions, with house rents up 4.0–4.3% and unit rents up 3.4–13.6% over the past year. A 2.7% house rental yield points to owner-occupier rather than investor weight. Sales activity is moderate, at roughly 350–400 house transactions annually, but clearance rates have declined, and the softer unit market is the main constraint. Future growth rests on continued rental demand and scarce house supply, while affordability pressure at the top end remains the key limiting factor.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 1/7 Meryl Street, Doncaster East (4 bed house) sold for $2.05M | Property Price Band: $1.4M–$1.5M | Value Drivers: 728sqm land, permit for two townhouses, city views
Bedrooms
3
Bathroom
2
Parking
2
Land
732m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!