38 Albert Road, Hallam, VIC, 3803

5 Bedroom with Development Potential on 726M2 

House
Type
5
Bedrooms
2
Bathrooms
4
Parkings

Last updated on Wednesday, March 11, 2026 ( See property details for 38 Albert Road, Hallam, VIC, 3803)

$770,000 - $840,000

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

A versatile family home on a large, level block with exciting development potential in a highly convenient location.

🏑 Property Highlights

  • Outstanding development potential on a level 726m² allotment (STCA).
  • Versatile two-level layout with five bedrooms and multiple living areas.
  • Large garage with additional shedding, ideal for entertaining or storage.
  • Expansive, flat backyard perfect for future development or family activities.
  • Convenient location close to shopping centres, schools, and transport links.
  • Cost-saving solar panels and recent upgrades including a gas hot water system.

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Garage
  • Shed
  • Waterfront / Views
  • Solar Panels
  • Split System Air Conditioning
  • Ceiling Fans
  • Security Screens / Gates
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38 Albert Road
Hallam, VIC 3803
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Vertical aerial view β€” 38 Albert Road
38 Albert Road — Vertical Aerial  •  Hallam, VIC 3803  •  Nearmap © 2026

Hallam is a vibrant suburb offering excellent amenities, including shopping centres, schools, and transport links. It is undergoing ongoing redevelopment, making it an ideal location for investors and families alike. The area boasts a strong community feel, with easy access to major roads and public transport. Residents enjoy a mix of established homes and future development opportunities. Proximity to major retail hubs like Fountain Gate Shopping Centre enhances convenience and lifestyle options.

What are the potential uses for the large flat backyard?
The expansive backyard offers excellent potential for future development, outdoor entertaining, or creating a family-friendly space for children and pets.
Is the property suitable for multi-generational living?
Yes, the versatile layout with five bedrooms and two bathrooms makes it ideal for larger families or multi-generational living arrangements.
What are the current upgrades and features of the property?
The property includes cost-saving solar panels, a recently replaced gas hot water system, roller shutters on some windows, and a large garage with a polished concrete floor.
How accessible is the property to local amenities?
The property is conveniently located just metres from Spring Square Shopping Centre, within walking distance to schools, and offers easy access to buses, Hallam Train Station, and the M1 Freeway.
What are the development possibilities for this site?
Subject to council approval (STCA), the level 726mΒ² allotment allows for renovation, retaining the existing dwelling, or redeveloping the site with multiple townhouses.
Are there any planning restrictions or zoning regulations that could affect redevelopment plans? Has the property been affected by any flooding or bushfire risks? Are there any easements or covenants on the land that could impact future development? What are the strata or body corporate considerations, if applicable? Are there any upcoming construction or planning activities nearby that could affect the property? What are the potential hidden costs associated with renovating or developing the site? Has the property had any structural issues or defects that require attention? Are there any noise or neighbour-related concerns in the area? Is the property compliant with all local building codes and regulations? What are the long-term plans for the surrounding neighbourhood that could influence property value?

38 Albert Road, Hallam, VIC, 3803 - More Details

5 Bedroom with Development Potential on 726M2 

Offered to the market for the first time in more than 50 years, this much-loved family home presents an outstanding opportunity for homeowners, investors and developers alike. Set on a level and flat 726mΒ² allotment (approx.) with 4m apporx driveway clearance, the property offers endless possibilities for the future (STCA). Renovate and enjoy the existing home, retain the dwelling and build at the rear, redevelop the site with multiple townhouses, or start fresh and create your dream home – the choice is yours. While the home is showing its age and ready for a refresh, it offers a solid base for renovation with generous accommodation across two levels. A versatile layout suited to growing families or savvy investors. Downstairs features a central lounge room, adjoining dining area and timber kitchen, along with three bedrooms with built-in robes, a bathroom and separate toilet. Upstairs provides additional flexibility with a study area, two further bedrooms, and an ensuite-style bathroom with toilet, making it ideal for larger families or multi-generational living. Comfort is ensured with ducted heating and split system air conditioner on both levels. One of the property’s standout features is the large garage, finished with a polished concrete floor and lined ceiling, equipped with its own gas oven and cooktop. Used as an additional living zone, it creates the perfect rumpus or entertaining space, with extra shedding behind for storage. A long driveway and large carport provide ample vehicle accommodation, while the full-length rear pergola offers plenty of undercover space for outdoor gatherings. The expansive backyard is the true highlight – a rare, level, flat, blank canvas, ideal for future development with minimal site costs or simply a fantastic space for children and pets to enjoy. Additional extras include cost-saving solar panels, roller shutter on some windows and a recently replaced gas hot water system. Positioned in a street brimming with redevelopment activity, the property enjoys a superbly convenient location just metres from Spring Square Shopping Centre, short walk to Hallam Primary School and Hallam Secondary College with easy access to local buses, Hallam Train Station and the M1 Freeway make the daily commute a breeze. Fountain Gate Shopping Centre or Dandenong Central are both only a short drive away also. A rare opportunity combining 5 bedrooms, 2 bathrooms, a large level block and exciting development potential – this is a future money maker not to be missed. Inspect today and explore the possibilities. We have obtained all information in this document from sources we believe to be reliable; however, we cannot guarantee its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties are advised to carry out their own investigations, and should make and rely upon their own enquiries in order to determine whether or not this information is in fact accurate.
Type
House
Bedrooms
5
Bathrooms
2
Parkings
4

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