392 Blackshaws Road, Altona North, Vic 3025

$1,100,000 - $1,200,000

House
Type
5
Bedrooms
1
Bathrooms
2
Parkings

Published on Tuesday, August 11, 2026 ( See property details for 392 Blackshaws Road, Altona North, Vic 3025)

$1,100,000 - $1,200,000

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

A versatile Altona North property offering approved development plans for two double-storey residences, with existing income and prime location advantages.

🏑 Property Highlights

  • Approved plans for two contemporary double-storey dwellings, enabling fast-tracking of development projects.
  • Existing tenanted home generating immediate rental income of $1,800 per calendar month.
  • Generous 654m² allotment in a highly sought-after Altona North location.
  • Flexible development options: retain, build, or sell, with multiple investment strategies.
  • Prime proximity to schools, shopping centres, parks, public transport, and freeway access to Melbourne CBD.
  • Modern design with five bedrooms in each approved dwelling, plus multiple living areas and ensuites.

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Waterfront / Views
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Ensuite
  • Home Office / Study
  • Security Screens / Gates
  • Fly Screens
  • Low-Maintenance Yard
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392 Blackshaws Road
Altona North, VIC 3025
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Vertical aerial view β€” 392 Blackshaws Road
392 Blackshaws Road — Vertical Aerial  •  Altona North, VIC 3025  •  Nearmap © 2026

Altona North is a highly desirable suburb known for its convenient access to Melbourne CBD, excellent schools, shopping centres, parks, and public transport. Its vibrant community and ongoing development make it an ideal location for investors and families alike. The area offers a mix of established homes and new developments, ensuring strong growth potential. With easy freeway access and proximity to amenities, Altona North provides a balanced lifestyle with urban convenience and relaxed living. This sought-after neighbourhood continues to attract discerning buyers seeking quality, location, and future growth opportunities.

What are the future development possibilities for this property?
The property has approved plans for two double-storey residences, allowing for immediate construction or retention of the existing home while developing the site.
Is there existing rental income from the property?
Yes, the current home is leased at $1,800 per calendar month, providing an immediate income stream.
What are the key features of the approved dwellings?
Each approved dwelling includes five bedrooms, multiple ensuites, separate living areas, study or retreat spaces, and single garages with additional driveway parking.
How close is the property to local amenities?
The property is conveniently located near Emmanuel College, Altona North Primary School, shopping centres, parks, public transport, and easy freeway access to Melbourne CBD.
Can I build or develop immediately?
Yes, with approved plans and permits in place, you can commence construction promptly or choose to hold and rent the existing home.
Are there any additional costs or fees associated with the approved development plans? Have all necessary permits and approvals been obtained, and are there any conditions or restrictions? Are there any known zoning, easements, or planning restrictions affecting the property? What are the potential costs for demolition or construction if choosing to build new? Is the property located in a flood or bushfire-prone area, and what are the associated risks? Are there any upcoming planning or development activities in the vicinity that could impact the property? What are the strata or body corporate considerations if applicable? Are there any existing defects or issues with the current structure or land? What are the long-term growth prospects and market trends in Altona North? Is there any ongoing maintenance or service costs for the existing home or future developments?

392 Blackshaws Road, Altona North, Vic 3025 - More Details

$1,100,000 - $1,200,000

Positioned in one of Altona North's most convenient and highly sought-after locations, 392 Blackshaws Road presents an outstanding opportunity for developers, investors and savvy buyers looking to secure a property with approved plans and permits already in place.
Set on a generous 654mΒ² (approx.) allotment, this property comes with approved plans for two contemporary double-storey dwellings, allowing you to fast-track your next project and save valuable time and holding costs.
The existing home is currently tenanted at $1,800 per calendar month, providing an immediate rental income while you finalise your future plans.
Existing Home Features:
β€’ Five spacious bedrooms
β€’ Functional kitchen with ample cupboard space
β€’ Central bathroom with separate toilet
β€’ Separate laundry
β€’ Low-maintenance front and rear yards
β€’ Currently leased at $1,800 PCM
Approved Development Includes:
Dwelling 1 (Approx 30Sq)
β€’ Five bedrooms
β€’ Two ensuites plus a central bathroom
β€’ Additional powder room
β€’ Master bedroom with his & her walk-in robes
β€’ Two separate living areas + Study or upstairs retreat
β€’ Single garage plus an additional driveway car space
Dwelling 2 (Approx 30Sq)
β€’ Five spacious bedrooms
β€’ Master suite with ensuite and his & her walk-in robe
β€’ Second bedroom with its own ensuite
β€’ Central bathroom plus an additional powder room
β€’ Two separate living areas + Study or upstairs retreat
β€’ Single garage with an additional driveway car space
Endless Possibilities:
β€’ Retain the existing home and enjoy rental income while building later.
β€’ Demolish and construct two modern double-storey residences.
β€’ Build and create a high-performing investment portfolio.
β€’ Live in one residence and rent out the other.
β€’ Sell one, retain one, or sell both upon completion
Conveniently located within easy reach of Emmanuel College, Altona North Primary School, Borrack Square Shopping Centre, Millers Junction Shopping Centre, parks, public transport and easy freeway access to Melbourne CBD, this is a rare opportunity to secure a site with the hard work already done.
Opportunities with approved plans in such a prime location are becoming increasingly rare. Enquire today and take advantage of this outstanding development opportunity.

Don't miss your chance to secure this versatile property in a sought-after blue-chip location
(PHOTO ID REQUIRED AT INSPECTIONS)

ACE TEAM welcomes you and looks forward to meeting you at the inspections.
NOTE: Link for Due Diligence Checklist:
http://www.consumer.vic.gov.au/duediligencechecklist
Disclaimer: All Dimensions, Sizes & Layout are approximately. The producer or agent cannot be held responsible for any errors, omissions or misstatements. The plan & pics are for Illustrative purposes only & should be used as such.
PLEASE NOTE: Open for inspection times and property availability is subject to change or cancellation without notice. Please check with the agent or online on the day of Inspection
Type
House
Bedrooms
5
Bathrooms
1
Parkings
2

Price guide

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