26 Jarma Road Heathmont VIC 3135

Corner block | 280m² building on 666m² | 3-car capacity with workshop | Dual-street access for redevelopment optionality This property’s competitive edge lies in its corner lot configuration and generous 280m² building footprint, which together offer rare flexibility for a buyer. The dual-street frontages and existing 3-car setup with workshop suit a household needing space for vehicles, trades, or hobbies, while the 42% site coverage leaves room for future extension or a dual-occupancy redevelopment subject to council approval. It is best positioned for a buyer seeking a solid family home in a well-serviced suburb with medium-term value-add potential, particularly given Heathmont’s stable median and 73% auction clearance rate. The main risk is the flood overlay, which may constrain redevelopment scope and add to insurance costs. Renovation is the safer path to lift rental yield from the current $560–$650pw toward the suburb’s 3.1% average. The property’s proximity to train stations, schools, and Eastland Shopping Centre supports steady tenant demand. Hold as a renovated family home or pursue a dual-occupancy permit to unlock land value.