163 Main Road, Riddells Creek, VIC 3431

163 Main Road, Riddells Creek, VIC 3431
An Exciting PSP-approved residential development opportunity!

Callum James, Ken Grech and Raine & Horne are proud to present a rare and exciting PSP (Precinct Structure Plan) -approved residential development opportunity in the highly desirable Macedon Ranges. Presenting 163 Main Road, Riddells Creek, a thoughtfully positioned parcel ready for the next chapter of growth.

Property Overview

- Land Size: 4.91 hectares

- Developable Area: Approx. 3.72 hectares

- Approved Lot Mix: Boundary lots 600-800 m²; internal lots down to a minimum of 350 m²

This site offers exceptional flexibility for a master-planned community with larger, generous lots around the perimeter and more compact lots internally to maximise density while preserving character.

Location & Lifestyle:

Located in vibrant Riddells Creek, this parcel benefits from strong connectivity, rural charm and the prestige of the Macedon Ranges. From the property is an easy walk into town where you can enjoy your favourite restaurants, cafes, and shops also with a medical clinic, chemist and more nearby. It's the perfect setting to create a lifestyle-driven development that appeals to a broad spectrum of buyers.

Suburb Snapshot: Riddells Creek

- Population: 4,390 residents

- Median House Price: $1.1 million per REIV (Real Estate Institute of Victoria)

- Rental Market: Median weekly rent for houses sits around $598-$620, with a gross rental yield of 3% per REIV data

- Demographics: Predominantly family households, a high rate of owner-occupiers, median age in the early 40s.

- Demand Pressure: The Macedon Ranges Shire Council has identified insufficient future land supply in Riddells Creek, underscoring the strategic importance of well-planned greenfield projects.

Why This Is a Unique Opportunity:

- 3.72ha of total developable area in a newly approved Precinct Structure Plan.

- Lifestyle Appeal: Riddells Creek is prized for its rural ambience, scenic Macedon Ranges setting, and close-knit community feel.

- Strong Market Fundamentals: High demand, limited future supply, with the option to rent the property out, and a mature buyer base make this a compelling investment opportunity.

- Connectivity: Well served by regional road infrastructure and local transport, a V-Line train station on the Bendigo/Melbourne Line enabling lifestyle convenience and access.

*Expressions Of Interest closing date & time: Thursday 18th December at 4pm*

All future development is subject to council approval (STCA).

Don't miss this rare chance to shape Riddells Creek's next chapter. For more information or to arrange a site inspection, contact:

- Callum James - 0421 189 383

- Ken Grech - 0418 509 710