5 Elwood Street, Notting Hill VIC 3168

FOR SALE: Flexible Settlement | $1,450,000 - $1,590,000 Commanding a perfectly rectangular 945sqm (approx.) allotment with 17.17m frontage, this rare landholding presents a premium opportunity for developers to capitalise on Notting Hill’s surging demand and limited supply. Set within a proven high-growth corridor, the site’s size, shape and zoning make it ideal for multi-townhouse or boutique apartment redevelopment (STCA). The property with no big trees and slope, highlights its strong planning feasibility and development potential. Positioned for exceptional rental and resale returns, the property sits moments from Monash University Clayton Campus, M-City, Pinewood Shopping Village, The Glen, IKEA, and Monash Medical Centre, ensuring consistent end-user demand from students, professionals and families. A blue-chip land opportunity offering strong profit margins, long-term capital growth and reliable market fundamentals — opportunities of this calibre are increasingly rare.