98 Parker Street

Positioned on an expansive 867sqm approx. allotment, this property presents an outstanding opportunity for developers, builders and astute investors to capitalise on the strong transformation already underway throughout this tightly held Templestowe Lower pocket. The existing residence is a classic single-level home offering three bedrooms, a central bathroom, generous living and dining zones, and a functional kitchen, all set behind a wide frontage with excellent access. While comfortable in its current form, the true value lies in the land itself - offering exceptional scope for future redevelopment or subdivision (STCA), surrounded by quality new townhomes and contemporary builds that highlight the area's ongoing growth and demand. The substantial, predominantly level rear yard provides excellent flexibility for future design outcomes, making this an ideal site for those seeking to unlock its full potential. Whether you're planning a dual-occupancy project, a multi-townhouse development or a land-banking strategy, this is a site that aligns perfectly with the prevailing development trend of the neighbourhood. Adding further appeal is the highly convenient location, just a short walk to the Templestowe Village hub, where cafés, restaurants, a chemist, IGA and everyday amenities create a vibrant village atmosphere. Easy access to public transport and major arterial routes further enhances the long-term desirability of this address. Offered as a rare landholding in one of Templestowe Lower's most sought-after and evolving streets, this is a compelling opportunity to secure a sizeable parcel with clear upside in an area where quality development continues to thrive.