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55 Armstrong Road, McCrae$760,000
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55 Armstrong Road

McCrae, VIC 3938, Australia
$740,000 – $780,000
2 car948 m²

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About this property

Flat Blue-Chip Coastal Block with Strong Development Upside (STCA) Prime 948sqm Development Site with Subdivision Potential (STCA) An outstanding opportunity awaits at 55 Armstrong Road, McCrae - a substantial 948sqm (approx.) flat and cleared allotment primed for subdivision and residential development (STCA). With its generous proportions, wide frontage, and highly usable layout, this is the ideal site for developers, builders, or investors seeking their next multi-dwelling project. Whether you're planning a boutique townhouse development or a premium dual-occupancy build, the foundations are already in place for a rewarding outcome. Perfectly positioned in a tightly held coastal pocket, the property combines development flexibility with strong lifestyle appeal - a winning formula for future resale or investment success. Development & Construction Highlights: 948sqm (approx.) flat, cleared allotment Wide frontage allowing flexible design outcomes Ideal for subdivision and multi-townhouse development (STCA) Potential for 2 or 3 premium residences (STCA) Excellent site dimensions for efficient building envelopes Blank canvas with no demolition required Strong resale appeal in a sought-after coastal market Attractive opportunity for builders, developers, and land-bank investors Location Advantages: Less than 3km (approx.) to the beach and foreshore Positioned in a highly desirable pocket of McCrae Easy freeway access for seamless city commuting Close to shops, cafés, schools, and essential amenities Strong demand for quality new builds in the area Rarely does a development-ready site of this size, flexibility, and location become available. Secure this exceptional parcel and capitalise on the opportunity to deliver a high-quality residential project in one of the Mornington Peninsula's most sought-after coastal communities.

Property Details

Property Type
land
Listing Type
For Sale
Parking
2
Land Area
948 m²
Listed
3 months ago

Repayment calculator

$3,684/month
$1,842 /fortnight
Loan $608,000 at 6.10% over 30 years

Upfront costs

Deposit$152,000
Stamp duty$40,670
Conveyancing (est.)$2,000
Total upfront$194,670
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 McCrae

This land in McCrae, VIC 3938 sits within reach of public transport, local shops local amenities. It is listed 7% below the $815,000 median of 61 comparable landswithin 5 km.

What's nearby

  • Adams Ave/Point Nepean Rd (bus)1.3 km away
  • Port Phillip Mowers & Scooters1.3 km away
  • Unnamed512 m away
  • Nixon Street Reserve582 m away
  • Unnamed593 m away

McCrae at a glance

Full suburb profile
Population
3,311
Median age
55
Household income
$1,433/wk
Median rent
$392/wk
Median mortgage
$2,000/mo

Source: ABS Census.

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Suburb market

Suburb price trend

McCrae price trend

Median sold · House 3 bed

Compound growth -3.2% / yr over 4 yrs

$1.05mcurrent median

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Price history

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1 price change recorded for this property

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