1 Forest Road, Belgrave VIC 3160

Bushfire overlay on steep timber site | 2563sqm block with low 12% building coverage | Corner reserve position with 8m roof height detected | Fibre to the curb not FTTP. The bushfire overlay directly limits future extension potential and may elevate insurance costs materially for a timber-clad house at 301m elevation with an 8m roof height. The 304sqm building sits on a rare 2563sqm corner block with only 12% coverage, which opens a defensible space advantage and scope for a future shed or studio if the overlay can be managed. Hold for the land position and the buffer of Glen Harrow Heights Road Reserve to the side. This is a rare half-acre corner block in a quiet pocket bordering reserve land, which means privacy and a natural fire break that most comparables lack. The 5G coverage and Selby Primary School zoning are practical anchors for a family buyer willing to work with the bushfire management plan. The best buyer here is someone who values perimeter space over floor area and understands vegetation management as a long-term stewardship cost. Seven years after the November 2018 sale at 765000 the current list range of 1.0 to 1.1 million reflects a compound annual growth of about 4 to 5 percent which sits just below the broader Yarra Ranges average and suggests the overlay is already pricing in some friction. The adjacent 1A Forest Road at 3519sqm with a higher estimate reinforces that larger corner blocks with reserve frontage carry a premium but 1 Forest Road offers a more attainable entry point into that land profile.