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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 Autocare944 m away
  • Somerleigh Crescent Reserve320 m away
  • Greenhill Road Reserve529 m away
  • Pioneer Reserve710 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

Future Development

Complete

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.

Nearby projects

5

Closest

0.2 km

Greensborough Plaza Precinct Renewal

500m1km1.5km2kmGreensborough Plaza Precinct Renewal — 0.2 kmLocal retail and neighborhood center upgrades — 0.5 kmYan Yean Road Precinct DAs — 0.8 kmResidential subdivision - Stringybark Road corridor — 1.5 kmNorthern suburbs education/community hub — 2.0 km

Distance from this property is exact (rings = km). Direction is illustrative.

Greensborough Plaza Precinct Renewal

0.2 km
Mixed-useProposed

Council-backed renewal of the aging shopping center with potential residential and retail mixed-use redevelopment.

2026

200 m

Local retail and neighborhood center upgrades

0.5 km
Mixed-useApproved

Small-scale retail renewal and car parking improvements across multiple neighborhood centers.

500 m

Yan Yean Road Precinct DAs

0.8 km
Residential apartment buildingUnder construction

Multiple apartment and townhouse approvals along Yan Yean Road supporting medium-density infill.

800 m

Residential subdivision - Stringybark Road corridor

1.5 km
Residential subdivisionApproved

Multi-stage residential estate development on former industrial/vacant land east of Greensborough.

1.5 km

Northern suburbs education/community hub

2 km
InfrastructureProposed

New early learning center and community facility approved as part of broader Northern Suburbs Growth Corridor planning.

2.0 km
Source: StMate AI — VIC development trends06/05/2026
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.

Suburb market

Suburb price trend

Greensborough price trend

Median sold · House 3 bed

Compound growth +0.7% / yr over 4 yrs

$945kcurrent median

Suburb-wide medians from sold listings — a guide to the area, not this specific property.

Full Greensborough market

This listing

Price history

Price history

Listing price changes

1 price change recorded for this property

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Within 5km

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