47 Elstone Avenue

A rare opportunity to secure a prime land-value site in one of Airport West's most tightly held pockets. Positioned on 697m² (approx.), this property is best suited to builders, developers, and KDR buyers seeking a well-located site with strong future potential, subject to council approval. The existing dwelling is offered in its current condition and primarily suited as a knock-down. Buyers are encouraged to undertake their own due diligence in relation to redevelopment potential, design outcomes and feasibility. Importantly, the property is not affected by the Melbourne Airport Environs Overlay (MAEO). A key differentiator in this location that supports a broader range of future built form outcomes when compared to surrounding properties, subject to the Moonee Valley Planning Scheme and council approval (STCA). With generous dimensions and favourable fundamentals, the site lends itself to a range of potential redevelopment or KDR scenarios (STCA). Clean, unconstrained land opportunities of this size and positioning are becoming increasingly scarce in Airport West, driving sustained interest from active builders and developers alike. Airport West continues to strengthen as a premium inner-northwest location, offering direct access to the Western Ring Road, Essendon DFO, major retail and amenity, parklands, and key transport links to Melbourne's CBD and the airport precinct. Demand in this corridor is underpinned by established infrastructure, consistent buyer depth, and ongoing urban transformation. This is a strategy-led acquisition, ideal for parties seeking to capitalise on land availability in a suburb where redevelopment sites are tightly held and rarely traded. Key Highlights Approx. 697m² landholding MAEO-free site Offered primarily for land / redevelopment / KDR value Existing dwelling in current condition Housing Choice & Transport Zone (HCTZ2) with applicable overlays Close to major retail, transport and arterial road networks Development potential subject to council approval (STCA)