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74 Diamond Creek Road, Greensborough$850,000

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74 Diamond Creek Road

Greensborough, VIC 3088, Australia

$850,000

3 bed 1 bath787 m²

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Listing description

About this property

Uncover the potential that only comes with a fabulous block of land with this beautiful brick home on approximately 787sqm. A home that has seen families and the neighbourhood grow up around it, it is now ready to offer the next custodians options for the future. Amongst established gardens, the comfortable interiors provide an open plan living and dining zone leading into the practical kitchen along with the bonus of a more valuable living space on the lower level. Heading outside, an elevated deck is sheltered from the weather and looks out across the deep leafy yard. The three bedrooms share a central bathroom, while a laundry, heating & evaporative cooling are all offered. Exciting as a renovation project, the real value of this property comes with the expansive block which could be redeveloped with a luxury family residence or designer townhouse subdivision (STCA). Close to bus stops, near parklands and reserves, this value-add opportunity is a quick trip to Greensborough Plaza and in the school catchments for both Greenhills Primary School and Montmorency Secondary College.

Property Details

Property Type: house
Listing Type: For Sale
Bedrooms: 3
Bathrooms: 1
Land Area: 787 m²
Listed: 2 months ago

Repayment calculator

$4,121/month

$2,060 /fortnight

Loan $680,000 at 6.10% over 30 years

Upfront costs

Deposit$170,000

Stamp duty$46,070

Conveyancing (est.)$2,000

Total upfront$218,070

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 Greensborough

This 3-bedroom house in Greensborough, VIC 3088 sits within reach of public transport, local shops and nearby schools. It is listed 11% below the $960,000 median of 55 comparable houseswithin 5 km.

Schools near Greensborough

Diamond Valley Special Developmental Schoolcombined · U · CoEd
Apollo Parkways Primary Schoolprimary · Prep-6 · CoEd
Greenhills Primary Schoolprimary · Prep-6 · CoEd
Greensborough Primary Schoolprimary · Prep-6 · CoEd
Watsonia Heights Primary Schoolprimary · Prep-6 · CoEd
Greensborough Secondary Collegesecondary · 7-12 · CoEd

What's nearby

Greensborough Station (Bay H) (bus) — 1.1 km away
Goodyear Autocare — 944 m away
Somerleigh Crescent Reserve — 320 m away
Greenhill Road Reserve — 529 m away
Pioneer Reserve — 710 m away

Greensborough at a glance

Full suburb profile

Population: 21,070
Median age: 41
Household income: $2,075/wk
Median rent: $404/wk
Median mortgage: $2,167/mo

Source: ABS Census.

Due diligence

Property Report

Lifestyle & access

Schools

7 nearby schools

Catchment: Greensborough Primary School

Public transport

10 stops within 1.5km

Nearest: Greenhill Road (0.4km)

Traffic

Moderate congestion

Peak hour impacts are typical for outer Melbourne suburbs, with increased traffic on Diamond Creek Road and Greensborough Road during morning (7-9am) and evening (5-7pm) commute periods. Eastbound movements toward the CBD experience heavier congestion than westbound.

Noise

Moderate noise

Nearest: road (0.0km)

Risk & safety

Flood risk

Low

Greensborough is a northern Melbourne suburb with low to moderate flood risk, primarily associated with the Plenty River catchment. Parts of the suburb fall within the Land Subject to Inundation Overlay (LSIO), requiring standard flood-aware planning controls for new development. Historical flooding events affecting the Plenty River have been localised; most of Greensborough sits on elevated terrain with manageable stormwater drainage.

Bushfire risk

Moderate

BAL: BAL-12.5

Crime profile

below average

Trend: stable

Planning & context

Zoning

GRZ1 — General Residential Zone

Banyule Planning Scheme

Nearby development

5 projects nearby

Greensborough is experiencing moderate infill and renewal activity within the broader Northern Suburbs Growth Corridor. Development is concentrated on medium-density residential approvals along key transport corridors (Yan Yean Road, Stringybark Road) and renewal of the aging commercial precinct. Infrastructure and community facility upgrades are proceeding in line with population growth targets for the northern suburbs.

Heritage

Not heritage listed

Greensborough is a well-established outer-metropolitan suburb in Melbourne's northeast with limited formal heritage designation. While the area contains some locally significant early 20th-century buildings and community landmarks, it is not designated as a heritage conservation area and most residential properties lack heritage overlay protection.

Sources: Australian Gov open data, OpenStreetMap + StMate AI

Disclaimer: This report combines data from Australian Government open data portals (CC-BY 4.0) and StMate AI. For non-NSW properties some sections (zoning, flood, bushfire, development, heritage) are AI-generated based on publicly known suburb characteristics — always verify with the relevant council or authority before making decisions. This report does not constitute legal, financial, or planning advice.

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