2/68 Grant Street, Bacchus Marsh VIC 3340

| 824m² land with 65m² townhouse | small internal space on large lot | unit value risk versus house premium | last sold 2022, market moved | This property presents a structural mismatch: the land-to-building ratio is extreme, which means you are paying primarily for the site. The risk is that a 65sqm townhouse on a large lot resists capital growth compared to houses on comparable land, and the small internal space may limit refinancing and resale to owner-occupiers later. The opportunity is in the underlying land value, which offers future subdivision or redevelopment potential if zoning allows. For a buyer, this is a land play with a low-maintenance rental until development triggers; holding it as a pure owner-occupied home is not advised. Competitively, what is rare here is a 824m² lot in Bacchus Marsh at this price point, attached to any dwelling. Most buyers overlook unit-titled land, so this property is undervalued relative to vacant lots nearby. The key feature for a prospective buyer is the land’s ultimate utility, not the townhouse. This suits an investor or a buyer with a medium-term view who can tolerate small living space and has capacity to pursue subdivision within five years. The next step is to confirm council’s minimum lot size for subdivision in this zone, and to inspect the property’s structural condition to ensure renovation costs do not eat the land discount.