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295 Settlement Road, Sunbury, VIC 3429

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295 Settlement Road, Sunbury, VIC 3429

Sunbury

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295 Settlement Road, Sunbury, VIC 3429
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295 Settlement Road, Sunbury, VIC 3429

295 Settlement Road, Sunbury, VIC 3429

Properties / Buy / Victoria / Sunbury
Development Potential
Property Type
Residential, Agriculture/Rural
Sub Type
House, Land Site
Land Area
951,000 m² (*approx)
Zoning
Green Wedge
Selling Method
EOI: Contact Agent
DOCUMENTS AVAILABLE
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EOI Closing Date
11 Dec 2025 02:00PM
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Strategic Landholding with Long-Term Urban Potential with potential for multiple income streams
  • 95.1ha* Green Wedge Zone
  • Existing 3-bedroom residence & airstrip
  • Positioned for future uplift (STCA)

Knight Frank is pleased to present 295 Settlement Road, Sunbury – a significant 95.1-hectare* landholding situated just beyond Melbourne’s Sunbury/Diggers Rest Growth Corridor, benefiting from proximity to major infrastructure, established townships, and ongoing metropolitan growth planning.

Occupying a strategic position approximately 3 kilometres west of the Sunbury North Precinct Structure Plan and 4 kilometres south of the Urban Growth Boundary, the property presents a rare large-scale land banking opportunity with long-term urban development potential.

Formerly operating as Penfield Airfield Sunbury, the property comprises an existing three-bedroom residence, dual decommissioned runways, and associated aviation infrastructure. Historically generating income in the vicinity of $1 million annually, as well as a successful paint ball business operating from a 12-acre pine forested area on the property, the site offers an adaptable foundation for rural, aviation, or light agricultural uses (STCA), while providing strong underlying potential for future uplift in line with surrounding urban expansion.

Key Features:

• 95.1ha* total land area

• Flexible settlement terms available

• Open paddocks with established tree-lined boundaries

• Existing airstrip with potential to recommission (STCA)

• Suitable for agricultural, aviation, or rural residential use

• 12-acre pine forest on premises previously used for paint ball business

• Long-term flexibility pending potential rezoning

• Existing 3-bedroom residence

Offered via Private Sale. For more information or to arrange an inspection, please contact one of the exclusive selling agents:

Nick Bisset +61 437 748 120

Jacob Haydock +61 422 777 526

Paul Lillis +61 402 381 399

*Approximately

Remember to mention you found this property on DevelopmentReady

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Dataroom
Development Potential

295 Settlement Road Development Site Summary

Property Type
Residential, Agriculture/Rural
Sub-type
House, Land Site
Land Area
951,000 m² (*approx)
Zoning
Green Wedge
Selling method
EOI: Contact Agent
DOCUMENTS AVAILABLE
Gain Access
EOI Closing Date
11 Dec 2025 02:00PM
Add to calendar

Development Site Highlights

Strategic Landholding with Long-Term Urban Potential with potential for multiple income streams
  • 95.1ha* Green Wedge Zone
  • Existing 3-bedroom residence & airstrip
  • Positioned for future uplift (STCA)

Knight Frank is pleased to present 295 Settlement Road, Sunbury – a significant 95.1-hectare* landholding situated just beyond Melbourne’s Sunbury/Diggers Rest Growth Corridor, benefiting from proximity to major infrastructure, established townships, and ongoing metropolitan growth planning.

Occupying a strategic position approximately 3 kilometres west of the Sunbury North Precinct Structure Plan and 4 kilometres south of the Urban Growth Boundary, the property presents a rare large-scale land banking opportunity with long-term urban development potential.

Formerly operating as Penfield Airfield Sunbury, the property comprises an existing three-bedroom residence, dual decommissioned runways, and associated aviation infrastructure. Historically generating income in the vicinity of $1 million annually, as well as a successful paint ball business operating from a 12-acre pine forested area on the property, the site offers an adaptable foundation for rural, aviation, or light agricultural uses (STCA), while providing strong underlying potential for future uplift in line with surrounding urban expansion.

Key Features:

• 95.1ha* total land area

• Flexible settlement terms available

• Open paddocks with established tree-lined boundaries

• Existing airstrip with potential to recommission (STCA)

• Suitable for agricultural, aviation, or rural residential use

• 12-acre pine forest on premises previously used for paint ball business

• Long-term flexibility pending potential rezoning

• Existing 3-bedroom residence

Offered via Private Sale. For more information or to arrange an inspection, please contact one of the exclusive selling agents:

Nick Bisset +61 437 748 120

Jacob Haydock +61 422 777 526

Paul Lillis +61 402 381 399

*Approximately

Remember to mention you found this property on DevelopmentReady

Read More
Dataroom
Development Potential
Nick Bisset
Nick Bisset
+61 *** *** *** show +61 437 748 120
Message Message
+61 437 748 120 [email protected] Message
Jacob Haydock
Jacob Haydock
+61 *** *** *** show +61 422 777 526
Message Message
+61 422 777 526 [email protected] Message
Paul Lillis
Paul Lillis
+61 *** *** *** show +61 402 381 399
Message Message
+61 402 381 399 [email protected] Message
Access Dataroom
Nick Bisset
Nick Bisset
+61 *** *** *** show +61 437 748 120
Message Message
+61 437 748 120 [email protected] Message
Jacob Haydock
Jacob Haydock
+61 *** *** *** show +61 422 777 526
Message Message
+61 422 777 526 [email protected] Message
Paul Lillis
Paul Lillis
+61 *** *** *** show +61 402 381 399
Message Message
+61 402 381 399 [email protected] Message

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295 Settlement Road, Sunbury, VIC 3429

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295 Settlement Road, Sunbury, VIC 3429 Sunbury
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Knight Frank - Melbourne
Knight Frank - Melbourne
Level 29, 120 Collins St, Melbourne VIC 3000
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Nick Bisset
Nick Bisset
+61 *** *** *** show +61 437 748 120
Jacob Haydock
Jacob Haydock
+61 *** *** *** show +61 422 777 526
Paul Lillis
Paul Lillis
+61 *** *** *** show +61 402 381 399
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