31 Caroline Drive, Templestowe Lower VIC 3107

Prestigious Location, Approved Plans, Endless Possibilities
An exceptional opportunity awaits developers, builders, and astute investors with this substantial 914m² (approx.) allotment, complete with approved planning permit and architectural plans for three luxury, modern double-storey townhouses.
Designed with a focus on contemporary family living, the approved plans showcase three impressive four-bedroom residences featuring bold modern façades, open-plan layouts, and premium finishes that will appeal to discerning buyers seeking space, style, and sophistication.
Each townhouse is thoughtfully configured for comfort and flexibility:
Dwelling 1’s ground floor bedroom with ensuite, upper level three bedrooms including a master suite, retreat, and family bathroom, complemented by a large private front yard ideal for entertaining.
Dwellings 2 and 3 include a ground-floor bedroom with ensuite, open plan kitchen, three upstairs bedrooms including a master suite, and a stylish bathroom.
All homes feature decking, a garden shed, water tank, and double garage, with light-filled living zones that seamlessly connect to outdoor spaces — perfect for families or downsizers.
The existing three-bedroom residence offers comfortable, lease-ready accommodation, providing the option to live in or rent out while preparing for construction. With its wide frontage, flat terrain, and superb proportions, the site ensures ease of buildability and strong resale potential.
Ideally located within one of Templestowe Lower’s most desirable pockets, the property is just minutes from Macedon Square, Westfield Doncaster, and the boutique cafés and restaurants of Templestowe Village. Families will value zoning for Templestowe College and Templestowe Heights Primary School, and proximity to Twin Hills Preschool and elite private schools.