121 Parker Street, Templestowe, Vic 3106

$1,000,000 - $1,100,000

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings

Last updated on Saturday, September 26, 2026 ( See property details for 121 Parker Street, Templestowe, Vic 3106)

$1,000,000 - $1,100,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A prime development opportunity on a spacious 843sqm block in Templestowe, perfect for builders and future homeowners seeking potential and convenience.

🏡 Property Highlights

  • Generous 843sqm allotment in established Templestowe neighbourhood
  • Outstanding potential for redevelopment or new build (STCA)
  • Convenient access to schools, parks, shopping, and public transport
  • Easy connectivity to the Eastern Freeway
  • Existing residence on a valuable land parcel
  • Ideal opportunity for builders, developers, and future homeowners

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Fully Fenced
  • Water tank
  • Security Screens / Gates
  • Floorboards
  • Pet-Friendly
  • Garage / Secure Parking
  • Internal Laundry

Templestowe is a highly sought-after suburb known for its leafy streets, excellent schools, and vibrant community. Residents enjoy easy access to parks, shopping precincts, and public transport, making it ideal for families and professionals. The area offers a peaceful yet connected lifestyle with convenient freeway access for commuters. Its established character and potential for redevelopment make Templestowe a prime location for investors and homeowners alike.

What is the zoning and development potential for this property?
The property offers significant potential for redevelopment or building a new home, subject to council approval (STCA).
Are there any existing planning restrictions or covenants on the land?
Details regarding planning restrictions or covenants can be obtained from the local council or your planning advisor.
What are the nearby amenities and transport options?
The property is conveniently located near schools, parks, shopping precincts, public transport, and provides easy access to the Eastern Freeway.
Is the existing residence suitable for occupancy or renovation?
The existing residence can be used as a dwelling or rental property while planning your redevelopment or new build.
Are there any known issues or defects with the property?
A thorough inspection is recommended to identify any potential issues or defects with the existing structure.
Are there any zoning restrictions or planning overlays that could affect redevelopment plans? What are the council requirements and approval processes for building or subdividing on this land? Are there any easements, covenants, or restrictions registered on the title? Has the property been tested for soil stability or contamination? Are there any nearby construction or development projects that could impact the property? What are the flood or bushfire risks associated with this land? Are there any outstanding rates, taxes, or levies payable on the property? Is the property connected to all essential services, including water, sewer, and electricity? Are there any existing planning permits or approvals for the current residence? What are the future development plans for the surrounding area?

121 Parker Street, Templestowe, Vic 3106 - More Details

$1,000,000 - $1,100,000

Commanding an impressive 843sqm (approx.) corner allotment in a leafy and well-connected Templestowe setting, this substantial property presents an outstanding opportunity for families, builders and developers alike.
Zoned General Residential Zone - Schedule 2 (GRZ2), the property offers excellent flexibility for the future. The existing residence provides scope to renovate and modernise, while the generous landholding and prized corner position offer exciting potential for redevelopment or the construction of a luxurious new family home (STCA).
Positioned just moments from the natural beauty of Westerfolds Park, the property is within easy walking distance of Ruffey Creek Trail, Wombat Bend Playground, Templestowe Village shops, cafés and restaurants, Templestowe Hotel and convenient bus services, including direct routes to the CBD.
Families are exceptionally well catered for, with zoning for Templestowe College and Templestowe Park Primary School, while St Kevin’s Primary School, local kindergarten, swim school, community facilities and the upgraded Templestowe Bowling Club are also nearby. Local netball and basketball courts and training facilities further enhance the area's appeal for active families.
Westfield Doncaster and The Pines Shopping Centre are both less than ten minutes’ drive away, while easy access to EastLink places the CBD, surrounding suburbs and the Mornington Peninsula within convenient reach.
With its substantial 843sqm (approx.) corner position, GRZ2 zoning and outstanding proximity to parks, schools, transport and Templestowe Village, this is a compelling opportunity to renovate, rebuild or explore future development potential (STCA).
Type
House
Bedrooms
3
Bathrooms
1
Parkings
2

Price guide

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Map & nearby places — 121 Parker Street, Templestowe, Vic 3106

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