22 Riverside Cres, Flowerdale VIC 3717

Bushfire overlay confirmed | 2400sqm dual-title block | Large shed with 3-phase power | Family layout with work-from-home capacity This property carries a known bushfire overlay, which will push insurance premiums higher and may limit some lenders’ appetite particularly if you plan to hold long-term. The dual-title structure on a level 2400sqm block is a structural advantage: it provides flexibility for future subdivision or simply holding the land as a buffer. The oversized shed with kitchen and toilet is commercially functional for a tradesperson or home business—this is not a decorative feature, it replaces the need for separate commercial premises. If you intend to live and operate from this house, the setup works. For pure investment, the rental yield sits near 4.2% which is acceptable for the area but not exceptional. The plain judgment call is this: buy it if you need operational space or land banking, not if you need a liquid family home. What makes this property competitively rare is the combination of dual-title land, a large shed with 3-phase power, and five bedrooms with built-in robes—this is a working family’s property, not a speculator’s flip. The house was built in 1990, so you’re not paying for depreciation risk, and the level block avoids the drainage and access issues common to this part of the valley. It suits a buyer who values square meterage and utility over polished presentation: a tradesperson, a multi-generational household, or someone who needs both home office and storage. The last sale in 2017 was below current estimated range, but that was seven years ago and the market has shifted. The strongest next step is to have your conveyancer review the bushfire overlay boundaries and confirm subdivision potential with the council before any offer is considered.