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5 Willowbank Court

Templestowe, VIC 3106, Australia

4 bed 2 bath 3 car5365m²

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Based on recent comparable sales in Templestowe

+6.2% suburb growth over 12 months

🏫

8.4/10

Schools

🚇

87/100

Walk Score

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+6.2%

Growth

🛡️

9.1/10

Safety

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About this property

Seize a rare and highly profitable opportunity on Templestowe's prestigious "Golden Mile." Located at the end of a tranquil, tree-lined cul-de-sac, this generous 5,365 sqm* (approx.) allotment within a General Residential Zone 3 offers refined family living today and outstanding development potential for tomorrow. This exceptional property is offered with approved Plans and Permits for a multi-dwelling estate, cleverly designed to maintain the character of the existing architectural home while maximizing the land's value. The Visionary Proposal Includes: * Existing Residence: Retain and modify the stunning 4-bedroom architectural masterpiece, a testament to craftsmanship featuring iconic Daniel Robertson bricks, soaring ceilings, and lush garden views from every angle. It sits on a generous 1,345sqm (approx.) portion of the estate. * Residence 1: A chic conversion of the current garage into a 125sqm, 1-bedroom plus study retreat. * Residences 25: Four bespoke luxury homes, each featuring 4 bedrooms, 3 bathrooms, multiple living zones (Lounge & Rumpus), and double garages. Site sizes for these new builds range from a generous 500sqm to an impressive 755sqm. Unbeatable Location Situated within the highly coveted Serpell Primary and East Doncaster Secondary school catchments, you are moments from Templestowe Village, Westfield Doncaster, and elite private school bus routes. Whether you choose to enjoy this grand estate in its current form or execute the high-yield development, this is a landmark acquisition in one of Melbourne's most prestigious pockets.