84-88 Wattletree Road, Bunyip VIC 3815
84-88 Wattletree Road, Bunyip VIC 3815
Approved four-lot subdivision | 1.97 ha with 5-bed house | 316 m² building footprint | Overlay-free residential land | Bunyip township setting
The defining strength is found in scale combined with approved subdivision permits. A 1.97 ha holding in a township setting, with a 316 m² five-bedroom house, is positioned well above typical Bunyip stock. Approved plans for a four-lot subdivision give it a rare dual character: a lifestyle family property today with a credible development pathway. No bushfire, flood, or heritage overlays are detected, improving feasibility. It is best suited to a family wanting generous acreage with a future option, or a small-scale developer prepared to hold and stage a subdivision. School zoning to Bunyip Primary and Drouin Secondary, plus NBN and 5G, broadens appeal beyond pure land banking.
Value centres on how subdivision potential is realised. Permit conditions may apply, and staging a four-lot subdivision depends on local demand and council timelines. Internal specs are unconfirmed, so condition and finish may influence value as much as land. Holding costs on 1.97 ha may affect expectations, and the modest rental yield may appeal more to owner-occupiers, sharpening the range.
Detailed Independent Property Report prepared by PropCred Analyst team for 84-88 Wattletree Road, Bunyip VIC 3815
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Bunyip, a country township 67km southeast of the CBD, is positioned as a peri-urban family market with a rapidly expanding residential base. Demand is driven by a high share of purchasers—52%—and couples with children, reflecting a demographic dominated by 10-19 and 40-49 year olds, with 30% under 19. Median house prices range from $758,000 to $912,000 depending on data source; annual growth is contested, with one series showing -4.0% over the past year while others record 24-26% gains and an 8.6% quarterly rise. Days on market vary from 53 to 117, and annual sales volume is thin at 23-45 houses, which weakens price confidence. Future growth lies in a growing residential base and established shopping and infrastructure links; the principal constraint is the shallow transaction pool and conflicting price signals.
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PropCred Estimated Value
Comparable Sales: Lot 2 Wattletree Road sold $410k as vacant half-acre residential land | Property Price Band: $1.9M–$2.0M | Value Drivers: approved four-lot subdivision, 1.97 ha land scale, 316 m² family dwelling
Bedrooms
5
Bathroom
2
Parking
4
Land
2.02 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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