Would you knock it down and build brand new? Or would you restore it to its mid-century glory?
The opportunity here at 4 Theodore Court, Toorak, VIC 3142, is not for the faint of heart! You need some resources, time and energy to take on this project. Ideally suited for a builder-developer with experience.
Here are recent Toorak sales from the past 12 months to help benchmark land value on a per-square-meter basis. Focusing on the northern end of Heyington Place in Toorak.
Keep in mind that not all homes are created equal. These figures reflect land size and sale price only. You’ll need to do your due diligence on the build, position, orientation, renovation level, and overall architectural appeal.
• 19-21 Turnbull Avenue – 671 sqm – Sold for $3,580,000 on 23 Mar 2025 ($5,335/sqm) Passed in at auction, changed agents, opposite a train line.
• 43 Heyington Place – 345 sqm – Sold undisclosed on 9 Apr 2025 approx ($11,536/sqm) – We achieved the 3rd highest $/sqm rate.
• 5 Vista Grove – 576 sqm – Sold for $5,500,000 on 31 Mar 2025 ($9,549/sqm) Larger landholding, closer to Toorak village.
• 32 Lansell Road – 546 sqm – Sold for $4,355,000 on 1 Mar 2025 ($7,977/sqm) – Went to Auction sold. Land value only and compromised.
• 4 Landen Place – 476 sqm – Sold for $4,300,000 on 28 Mar 2024 ($9,034/sqm) – Marcus Martin’s design is larger internally.
• 11 Torresdale Court – 383 sqm – Sold for $4,850,000 on 21 May 2024 ($12,663/sqm) – Larger home, more modern, with a city view.
• 41 Heyington Place – 464 sqm – Sold for $6,060,000 on 20 Jun 2024 ($13,060/sqm). The larger home, full of character, updated internally.
• 9 Duffryn Place – 549 sqm – Sold for $5,196,000 on 12 Jun 2024 ($9,464/sqm) – land, modern home with pool.
• 40A Lansell Road – 390 sqm – Sold for $3,850,000 on 6 Jun 2024 ($9,872/sqm) Land value only. It’s a KDRB site, in our opinion.
• 55 Heyington Place – 456 sqm – Sold for $4,250,000 on 6 Jul 2024 ($9,320/sqm). A larger internal footprint offered the potential for renovation.
• 5A Torresdale Road – 451 sqm – Sold for $4,510,000 on 26 Oct 2024 ($10,000/sqm), updated with pool.
• 4 Duffryn Place – 451 sqm – Sold for $4,888,000 on 20 Nov 2024 ($10,838/sqm) – Recently renovated, includes a pool.
4 Theodore Court, Toorak, is set in a tightly held cul-de-sac, a short walk to top private schools, transport, and surrounded by prestige homes. Whether you restore or rebuild on this elevated 387 sqm site, the potential here is profound.
Like any opportunity, there are some cons to this site. The biggest one is the apartment on the northwest side of the block.
For a private, no-obligation discussion, call +613 8374 7652
Or drop into our office at 3/489 Toorak Road, Toorak in the village.
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Industry Insider Property
Level 3, 489 Toorak Road, Toorak 3142
+613 8374 7652
+613 402 346 810
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