15 Adelyn Avenue, Donvale VIC 3111
15 Adelyn Avenue, Donvale VIC 3111
Large level block | Multi-unit development potential (STCA) | Rare scale in Donvale | Near Eastern Freeway & Tunstall Square
This property presents a compelling opportunity based on its land size and zoning. The near-1000sqm level allotment in Manningham Council is uncommon, offering a strategic footprint for a multi-unit project or a substantial new home. Its proximity to major transport corridors and local retail centres strengthens its utility for both owner-occupiers seeking space and developers seeking yield. This configuration serves a builder or investor more effectively than a buyer seeking a turnkey home, given the focus on land value over the existing structure.
Proceed with a clear development feasibility study as the primary risk. The “subject to council approval” clause carries material cost and timeline uncertainty; engage a planning consultant before purchase. The price guide reflects this potential, so any offer must discount the considerable holding costs and construction risk. The logical path is to secure permits for two or three townhouses to capitalise on the land’s rarity, as holding it as a single house underutilises its core advantage.
Detailed Independent Property Report prepared by PropCred Analyst team for 15 Adelyn Avenue, Donvale VIC 3111
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Donvale is a well-established, low-density suburb offering spacious family homes, attracting professionals and mature families seeking a leafy environment. Recent market conditions show a softening in house prices, while the unit segment has displayed some resilience. The suburb’s appeal is anchored in its generous block sizes and tranquil setting, though its current price sensitivity and slower sales activity indicate a period of market adjustment. Future growth will likely depend on sustained demand from upsizing families and the limited supply of new housing stock in this established area.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
2
Land
919m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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