43 Murray Street, Wonthaggi VIC 3995

Vacant block | 406m² | Bass Coast council | townhouse potential | school catchments The land at 43 Murray Street offers a rare infill position in Wonthaggi’s constrained market. Its 406m² footprint is unusually workable for a dual-townhouse configuration in a council area where smaller lots dominate. The Bass Coast Shire’s growth corridor demand, driven by sea-change migration and local employment, underpins resale and rental absorption. This block suits a buyer seeking a build-and-hold strategy for yield, or a developer targeting first-home buyer townhouses under the $600,000 threshold. The key risk is the $84,000 gap between listing and estimated value, suggesting either an overpriced entry or a motivated seller. No dwelling history means soil and servicing costs are unverified, and subdivided lots like Lot 2/43 may carry restrictive covenants. The opportunity is to negotiate below $420,000, using the valuation as leverage, then fast-track a townhouse build to capture rising rents. Hold for capital growth or sell post-construction to a downsizer.