For Sale

328 Diamond Creek Road, Diamond Creek, Vic 3089

$2,950,000 - $3,200,000

House

Type

Bedrooms

Bathrooms

1.14 ha

Area

Published on Wednesday, May 20, 2026 ( See property details for 328 Diamond Creek Road, Diamond Creek, Vic 3089)

$2,950,000 - $3,200,000

View the agent price guide.

Aaron Yeats DIRECTOR & AUCTIONEER

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Tom Kurtschenko Director & Auctioneer

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AI Property Insight

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

A rare, permit-approved residential development site of 1.14 hectares in Diamond Creek, offering flexible land options and existing income potential.

🏡 Property Highlights

Permit-approved residential land development site with endorsed plans for 11 lots
Expansive 1.14 hectare (11,413 sqm) landholding with natural elevation and leafy surrounds
Strategic location close to Greensborough, St Helena’s, and Diamond Creek amenities
Existing substantial home with multiple dwellings offering income potential
Mitigated planning risks with approval from Nillumbik Shire Council (Ref: 820/2022/14P)
Flexible lot sizes and orientations designed to maximise site’s natural features

✨ Key Features

Open-Plan Living
Waterfront / Views
Outdoor Area
Secure Parking
Built-in Robes
Home Office / Study
Ensuite
Garage
Ceiling Fans
Waterfront / Views

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328

Diamond Creek, VIC 3089

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Suburb and Property Insights of Diamond Creek, VIC 3089

Diamond Creek offers a tranquil suburban lifestyle with lush natural surroundings, excellent access to schools and retail precincts, and convenient connectivity to Melbourne via major arterial routes. The area is renowned for its scenic beauty, outdoor recreational opportunities, and strong community vibe, making it highly desirable for families and investors alike.

Frequently Asked Questions

What is the current zoning and future development potential of the site?

The site has planning permit approval (Ref: 820/2022/14P) for a staged subdivision into 11 residential lots, providing clear development pathways.

Are there any existing structures on the property that can generate income?

Yes, the property currently features a substantial home with multiple dwellings, offering potential income while awaiting development.

What infrastructure and services are available on the site?

The subdivision layout incorporates internal road access and services infrastructure, with plans designed to maximise site accessibility.

What are the benefits of purchasing a permit-approved development site?

Purchasing a permit-approved site significantly reduces planning risks and time, enabling a quicker transition to construction and sale or leasing.

How does the location enhance the property's appeal?

The property is conveniently located near retail precincts, schools, public transport, and major arterial routes like the M80, ensuring excellent connectivity and lifestyle benefits.

What to ask about this property to agent?

Are there any additional costs or fees associated with the subdivision or development process? Have all necessary approvals and permits been fully secured and are there any conditions that need to be met? Are there any known issues with the existing structures, such as defects or compliance concerns? Is the property subject to any zoning restrictions, easements, or covenants that could impact development? What are the flood or bushfire risks associated with the site? Are there any upcoming planning or construction activities nearby that could affect the property? Is the property part of a strata or community title, and what are the associated fees or regulations? Are there any hidden costs related to infrastructure upgrades or service connections? What is the history of the land regarding environmental or contamination issues? Are there any restrictions on future land use or subdivision that I should be aware of?

328 Diamond Creek Road, Diamond Creek, Vic 3089 - More Details

$2,950,000 - $3,200,000

FORTHCOMING EXPRESSIONS OF INTEREST

Set across an expansive landholding of approximately 1.14 hectares (11,413sqm), this exceptional property represents a rare and highly sought-after opportunity to secure a permit-approved residential land development site in the heart of Diamond Creek.

The endorsed plans provide for a staged subdivision comprising 11 residential lots plus a balance lot with 2 homes designed, thoughtfully planned to maximise the site’s natural elevation, outlook, and accessibility. Each allotment varies in size and orientation, offering flexibility for a range of housing outcomes in a market with strong demand for quality land supply.

Positioned with a gentle rise and selective tree coverage, the site captures elevated aspects of the distant ranges and leafy surrounds, enhancing its appeal for future purchasers. The subdivision layout incorporates internal road access, services infrastructure, and considered lot configuration, allowing developers to proceed with confidence. Currently, the site offers a substantial home separated into multiple dwellings, and offering the ability to achieve a strong income potential for those looking to land bank the site.

With planning permit approval already in place (Nillumbik Shire Council Ref: 820/2022/14P), significant time and risk associated with the planning process has been mitigated, presenting an outstanding turnkey development opportunity.

Ideally located just moments from Greensborough and St Helena’s retail precincts, schools, and public transport, the property also enjoys convenient access to Diamond Creek central, Eltham, and major arterial routes such as the M80, ensuring strong end-buyer appeal.

Type: House
Bedrooms: 5
Bathrooms: 3
Area: 1.14 ha
Study: 1

Price guide

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Map & nearby places — 328 Diamond Creek Road, Diamond Creek, Vic 3089

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328 Diamond Creek Road, Diamond Creek, Vic 3089

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