4 Mcgahy Street, Templestowe Lower, Vic 3107

$1.49m - $1.639m

House
Type
3
Bedrooms
1
Bathrooms
2
Parkings
837 m²
Area

Last updated on Friday, June 12, 2026 ( See property details for 4 Mcgahy Street, Templestowe Lower, Vic 3107)

$1.49m - $1.639m

Harry Fares Senior Sales Consultant & Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare development opportunity in Templestowe Lower featuring endorsed plans for three luxury townhouses on a spacious 837sqm block with existing income potential.

🏡 Property Highlights

  • Prime 837sqm DDO8 zoned allotment with endorsed plans for 3 luxury townhouses
  • Exceptional location just a short walk to Macedon Square Shopping Centre and Westfield Doncaster
  • Existing single-level 3-bedroom home providing immediate rental income potential
  • Ready to commence construction with approved plans and permits in place
  • Close proximity to Manningham Medical Centre, city-bound buses, and Eastern Freeway/Eastlink
  • Ideal for development, land banking, or immediate rental income

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Outdoor Area
  • Waterfront / Views
  • Secure Parking
  • Home Office / Study
  • Ceiling Fans
  • Heating
  • Internal Laundry
  • Extra Storage (Shed/Linen)

Templestowe Lower is a highly sought-after suburb renowned for its family-friendly environment, excellent schools, and convenient access to shopping centres like Westfield Doncaster. The area offers a blend of established homes and exciting development prospects, all within close proximity to public transport, parks, and major arterial roads. Its vibrant community and premium location make it an ideal choice for both investors and families seeking a high-quality lifestyle.

What is the current condition of the existing home on the property?
The existing home is a single-level, three-bedroom residence with a spacious living area, well-appointed kitchen, and bright family bathroom, suitable for leasing or renovation.
Are the endorsed plans for the townhouses approved by the local council?
Yes, the plans and permits for the three luxury townhouses have been endorsed, allowing for immediate commencement of construction.
What are the potential rental income prospects for the existing home?
The current home offers a good rental income opportunity until you are ready to develop or sell the site.
What amenities and services are nearby?
The property is within walking distance to Macedon Square Shopping Centre, Westfield Doncaster, Manningham Medical Centre, and is well connected by public transport and major roads.
Is the property suitable for family living or future development?
Yes, the property is zoned for family-friendly schools and is ideal for both immediate living and future development projects.
Are there any hidden costs or additional fees associated with the approved plans and permits? Have all necessary council approvals and compliance requirements been fully met for the development? Are there any existing easements, zoning restrictions, or covenants that could impact development plans? Is there any history of flooding, bushfire risk, or environmental concerns on the property? Are there any upcoming planning or construction activities in the area that could affect the property’s value or livability? What are the strata or body corporate considerations if applicable to future townhouses? Are there any known defects or issues with the existing home that require attention? What are the zoning regulations and potential for further subdivision or development? Is there any ongoing maintenance or repair required for the current property? Are there any restrictions or conditions attached to the endorsed plans and permits?

4 Mcgahy Street, Templestowe Lower, Vic 3107 - More Details

$1.49m - $1.639m

Type
House
Bedrooms
3
Bathrooms
1
Parkings
2
Area
837 m²

Price guide

View Statement Of Information

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Auctions

  • 4 Mcgahy Street, Templestowe Lower, Vic 3107

    Saturday 27 June
    11:00 am
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