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248 Mount Pleasant Road, Highton$787,500
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For Salehouse

248 Mount Pleasant Road

Highton, VIC 3216, Australia
$750,000 – $825,000
3 bed 1 bath 1 car731 m²

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About this property

Positioned on a prized north-facing allotment of approximately 731sqm, this is a rare and highly compelling opportunity for developers to secure a site with approved plans for three high-quality townhouses, ready to bring a premium project to life. Set within one of Highton's most tightly held pockets, the hard work has already been done, allowing you to move forward with confidence and capitalise on strong buyer demand for well-designed, low-maintenance homes in this sought-after location. The existing 1950s residence remains comfortable and functional, providing a holding income while you prepare for development. The home comprises three bedrooms, two with built-in robes, multiple living zones with split system heating and cooling, a central bathroom, ample storage, and a generous lock-up garage with workshop space. Location is a key driver of future success, with the property positioned just metres from Montpellier Primary School and North Valley Shopping Centre, and only moments to Highton Village, the Barwon River, quality sporting facilities, and seamless Ring Road access for Melbourne commuters. With approved plans in place and a blue-chip setting to match, this is an exceptional turnkey development opportunity, perfectly suited to developers seeking their next high-quality townhouse project in a proven growth corridor. Please contact the listing agents for further details regarding the approved plans.

Property Details

Property Type
house
Listing Type
For Sale
Bedrooms
3
Bathrooms
1
Parking
1
Land Area
731 m²
Listed
3 months ago

Repayment calculator

$3,818/month
$1,909 /fortnight
Loan $630,000 at 6.10% over 30 years

Upfront costs

Deposit$157,500
Stamp duty$42,320
Conveyancing (est.)$2,000
Total upfront$201,820
Verify with VIC revenue office →
Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

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Neighbourhood

Living in Highton

This 3-bedroom house in Highton, VIC 3216 sits within reach of public transport, local shops and nearby schools. It is listed 13% below the $900,000 median of 60 comparable houseswithin 5 km.

Schools near Highton

  • Christian College Geelong - Middle School – Hightoncombined · Prep-12 · CoEd
  • Bellaire Primary Schoolprimary · Prep-6 · CoEd
  • Highton Primary Schoolprimary · Prep-6 · CoEd
  • Montpellier Primary Schoolprimary · Prep-6 · CoEd

What's nearby

  • Montpellier Primary School/Mt Pleasant Rd (bus)66 m away
  • IGA151 m away
  • Bennett Reserve173 m away
  • Thornbury Reserve290 m away
  • Cara Reserve450 m away

Highton at a glance

Full suburb profile
Population
20,736
Median age
39
Household income
$2,054/wk
Median rent
$360/wk
Median mortgage
$2,000/mo

Source: ABS Census.

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Suburb market

Suburb price trend

Highton price trend

Median sold · House 3 bed

Compound growth +0.3% / yr over 4 yrs

$820kcurrent median

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1 price change recorded for this property

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