28 Ross Road, Croydon VIC 3136

Standalone house on 1481sqm in Croydon | Rare landbank in Monastery Ridge | Subdivided site with townhouses for sale | Original dwelling now a holding play. The buying case for this property rests on its land size and zoning potential within a tightly held precinct. The original two-bedroom house on 1,481 square metres offers a rare infill opportunity in Croydon, where subdivided townhouses on the same site are already trading above $880,000. For a buyer seeking long-term capital growth through land banking or staged development, this property provides a lower entry point into a site that has already demonstrated its subdivision viability. The location near schools, transport, and shopping adds immediate rental demand for the existing dwelling while plans mature. The primary risk is the property’s current condition and configuration as a modest two-bedroom, one-bathroom house, which limits immediate owner-occupier appeal and may require renovation to achieve market rent. The subdivision approval for nine townhouses on the combined site means neighbouring units are now being sold, potentially altering the character and privacy of the original house. However, this also confirms the site’s development potential and provides a clear benchmark for future value. Hold the property for land appreciation or proceed with a staged subdivision when market conditions favour higher-density yields.