392 Upper Heidelberg Road, Ivanhoe VIC 3079

Inspection by appointment only.

Set on a prominent corner, this original two-bedroom home presents a rare opportunity, defined by its blue-chip location and significant future potential in one of the area’s most tightly held pockets. Comfortable and functional today, the real value lies in what can be achieved here over time.


Poised on approx. 875 sqm, the home offers a comfortable layout with two living areas, a central kitchen, and an original bathroom, providing an excellent base for renovation or the addition of an upper level to capture the city skyline and twinkling night lights.


With approved plans and a permit for a second home, buyers have the option to renovate and extend while building a new home, opening the door to multi-generational living, or the opportunity to sell or lease one dwelling while retaining the other. Whether you’re a family planning for the future or a developer seeking a new project, this is a property where your vision will be rewarded.


The location is fantastic, a short distance from Burgundy Street shops and cafes, Heidelberg Train Station and bus services, Austin and Mercy Hospitals, Ivanhoe Village and Grammar Schools, Eastern Freeway access, Northland Shopping Centre, extensive parkland, and the banks of the Yarra River