208 Humphries Road, Mount Eliza VIC 3930

Large landholding on Mt Eliza hillside | flexible 4-5 bed layout | sweeping rural views | powered shed for trade or hobby use The property’s primary buying case rests on its rare combination of a near-3000sqm elevated block with a renovated family house that offers genuine configuration flexibility. The dual internal and separate shed garaging for six cars, alongside the home office and multi-purpose room, positions this house well for buyers who need both living space and workshop or storage capacity. The vaulted ceilings and wood-burning fireplace add character, while the ducted heating and split systems provide practical comfort. This property serves best for a family seeking semi-rural space within commuting distance of amenities, or for a buyer who values a large powered shed for a trade business or serious hobby. The bushfire overlay is the principal risk, potentially increasing insurance costs and limiting some future landscaping or building options. The property’s 2017 purchase price of $1.15m indicates strong land value appreciation, but the current market showing -0.6% suburb growth suggests a buyer should not expect rapid capital gains in the near term. Rental yield is modest at around 3.1%, making this primarily a lifestyle hold rather than an investment play. The property should be held for medium-term family use, with the shed and flexible rooms offering potential for a home business or multi-generational living that could offset holding costs.