48 Lorensen Avenue, Coburg North, Vic 3058

$859,000

House
Type
2
Bedrooms
1
Bathrooms
445 m²
Area

Last updated on Tuesday, June 16, 2026 ( See property details for 48 Lorensen Avenue, Coburg North, Vic 3058)

$859,000

David Taylor Director / LEA / Auctioneer
  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A prime development opportunity in Coburg North with approved permits for three triple storey townhouses, situated on a generous 445m² block with excellent street frontage and transport links.

🏡 Property Highlights

  • Prime development site with permits for three triple storey townhouses
  • Excellent street frontage in blue‑chip Coburg North
  • Close proximity to Merlynston Station for convenient transport
  • Located in a highly sought-after neighbourhood with strong local demand
  • Ready-to-build with all necessary permits in place, saving time and costs
  • Ideal for investors or developers seeking a lucrative project

✨ Key Features

  • Open-Plan Living
  • Built-in Robes
  • Outdoor Area
  • Secure Parking
  • Waterfront / Views
  • Home Office / Study
  • Balcony
  • Ensuite
  • Air Conditioning
  • Dishwasher

Coburg North is a vibrant suburb renowned for its strong community feel, excellent transport links, and proximity to parks and shopping precincts. It offers a mix of established homes and exciting development opportunities, making it ideal for investors and families alike. The area boasts a walkable lifestyle with easy access to Merlynston Station, local schools, and recreational facilities. Its sought-after location ensures high demand and promising growth potential.

What is the zoning and development potential of this property?
This property is zoned for residential development with permits already in place for three triple storey townhouses, allowing for immediate construction.
Are there any restrictions or covenants associated with the permits?
The permits have been approved by the local council, but it is recommended to review any specific covenants or restrictions with your legal advisor before proceeding.
What are the nearby amenities and transport options?
The property is conveniently located close to Merlynston Station, local shops, parks, and recreational facilities, providing excellent lifestyle convenience.
Is there potential for further development or expansion?
Currently, permits are approved for three townhouses, but further development potential should be assessed with local planning authorities.
What are the expected costs involved in development?
Costs will include construction, council fees, and any additional approvals. Since permits are already obtained, some costs are minimized, but a detailed budget should be prepared.
Are there any hidden costs or additional fees associated with the development permits? Has a thorough site assessment been conducted for soil stability and drainage? Are there any upcoming zoning changes or planning proposals that could affect the development? Is there any history of flooding or environmental risks on the site? Are there any easements or restrictions on the land that could impact construction? What is the current condition of the property and surrounding infrastructure? Are there any planned nearby developments that could affect the property's value or livability? Is the property compliant with all local building codes and regulations? What are the strata or body corporate considerations if applicable? Are there any noise or bushfire risks in the area that should be considered?

48 Lorensen Avenue, Coburg North, Vic 3058 - More Details

$859,000

Type
House
Bedrooms
2
Bathrooms
1
Area
445 m²

Price guide

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