373-375 Torquay Road, Mount Duneed VIC 3217

Vacant block | Mirripoa Primary School zone | Bushfire overlay present | Development potential up to three bedrooms This property offers a rare combination of a large 3,998 m² residential lot within walking distance of two schools and with full NBN and 5G coverage, making it a strong candidate for a buyer seeking to build a family home or a small-scale development. The land’s zoning and size provide a competitive edge in a market where larger parcels near amenities are increasingly scarce, and the absence of flood or heritage constraints simplifies planning. It best suits a buyer with a longer horizon who values location and land bank potential over immediate yield. The confirmed bushfire overlay introduces mandatory building standards and may increase construction costs by tens of thousands, which must be factored into any offer. The wide valuation spread,from raw land estimates near $890,000 to development-inclusive figures above $2 million,signals market uncertainty and the need for a professional appraisal before bidding. Rental yield is low on land alone, but the property’s hold strategy is straightforward: secure it at a price reflecting undeveloped land risk, then either build to suit or subdivide once council permits are confirmed.