For Sale

35 Olive Road, Devon Meadows, VIC, 3977

Prime 20-Acre Landbank Opportunity on Melbourne's Growing South-East Fringe

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Published on Monday, March 30, 2026 ( See property details for 35 Olive Road, Devon Meadows, VIC, 3977)

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AI Property Insight

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A rare 20-acre parcel of vacant land in Devon Meadows offering exceptional long-term growth and development potential within Melbourne's expanding south-east corridor.

🏡 Property Highlights

20 acres of premium vacant land in a rapidly evolving suburb
Strategic Green Wedge Zone location with long-term development potential
Close proximity to upcoming Precinct Structure Plans and Melbourne's Urban Growth Boundary
Excellent accessibility to major roads, transport hubs, and amenities
High-growth corridor with significant infrastructure investment
Opportunity for landbanking, development, or rental income

✨ Key Features

Open-Plan Living
Waterfront / Views
Dual Living
Outdoor Area
Secure Parking
Home Office / Study
Balcony
Swimming Pool
Garage
Air Conditioning

Suburb and Property Insights of Devon Meadows, VIC 3977

Devon Meadows is a rapidly growing suburb in Melbourne's south-east, offering excellent connectivity to major transport routes, shopping centres, and educational institutions. The area is experiencing significant infrastructure and population growth, making it an ideal location for long-term investment. Residents enjoy a peaceful rural lifestyle with easy access to urban amenities. The suburb's proximity to future development precincts ensures substantial capital growth potential. Its strategic position within the Green Wedge Zone provides unique opportunities for landbanking and future redevelopment.

Frequently Asked Questions

What are the future development prospects for this land?

The land is situated within the Green Wedge Zone and near several Precinct Structure Plans, offering significant long-term development potential subject to planning approval (STCA).

Is there existing infrastructure on the property?

As vacant land, there is currently no built infrastructure, but the property benefits from its strategic location near major roads, transport hubs, and amenities.

Can I build a residential dwelling or other structures on this land?

Building options are subject to local council regulations and zoning provisions within the Green Wedge Zone. Prospective buyers should consult with planning authorities for specific development guidelines.

What are the zoning restrictions for this property?

The property is zoned Green Wedge Zone (GWZ), which limits certain types of development but offers long-term growth and landbanking opportunities.

What is the current land use and potential for income generation?

Currently vacant, the land can potentially generate rental income if leased for agricultural or other compatible uses while awaiting development.

What to ask about this property to agent?

Are there any zoning restrictions or planning overlays that could affect future development plans? What are the potential costs associated with land clearing, site preparation, or infrastructure upgrades? Are there any easements, covenants, or restrictions registered on the title? Is the property prone to flooding, bushfire risks, or other environmental hazards? Are there any nearby construction or development activities that could impact the property’s value or livability? What are the council requirements and approval processes for future subdivision or development? Are there any existing services such as water, electricity, or sewer connected or available nearby? What are the long-term zoning plans for the surrounding area? Are there any strata or body corporate considerations if planning to develop multiple dwellings? What are the estimated costs for future infrastructure or development contributions?

35 Olive Road, Devon Meadows, VIC, 3977 - Point Of Interest

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35 Olive Road, Devon Meadows, VIC, 3977

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