5 Elwood Street, Notting Hill VIC 3168

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). A previous council approval for six townhouses 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.