89 Hull Road, Croydon VIC 3136

Large 864sqm block | quiet Hull Road | 3-bedroom house | Croydon, Maroondah council The buying case rests almost entirely on the land. An 864-square-metre parcel in a stable eastern-suburbs location is increasingly rare, and this property’s configuration—a simple three-bedroom, one-bathroom house on a single title—offers the cleanest possible platform for a buyer seeking either a future subdivision or a significant renovation. The location on Hull Road, with around 200 properties in the postcode, suggests a settled, low-traffic street where land values have historically tracked upward with the Maroondah market. This property best suits a buyer with medium-term horizon and capital to unlock the lot’s potential, rather than someone seeking a move-in-ready home. The principal risk is the house itself: a single-bathroom, pre-2001 structure that will require substantial updating or demolition to realise the land’s full value. That cost—likely $200,000–$400,000 for a renovation or $50,000–$80,000 for demolition—must be factored into the buyer’s total acquisition budget. The opportunity lies in the land’s zoning and dimensions; a buyer should immediately commission a feasibility study for dual-occupancy or a small-townhouse development. Hold this property as a land bank with a rental offset from the existing dwelling, or proceed with development once council pre-application advice confirms yield.