62 Carpenters Lane S, Hastings VIC 3915

5.52 ha Peninsula acreage | 3% building coverage | 1,544 m² footprint | bushfire overlay present This property offers a rare combination of scale and flexibility on the Mornington Peninsula, where large acreage parcels are increasingly scarce. The 3% building coverage and 9-meter roof height signal a structure that is either oversized relative to the land or built with unusual vertical clearance, which may suit conversion to a workshop, studio, or equestrian facility. The absence of flood or heritage overlays reduces approval risk, and the 5G coverage supports remote work. The buyer is likely a lifestyle seeker or developer willing to navigate the bushfire overlay and council approval process for a custom rural retreat or small-scale hobby farm. The primary risk is the bushfire overlay, which will impose stricter construction standards and may limit subdivision or intensive use, adding cost and timeline uncertainty. The low confidence value estimate of $2.2 million suggests the current asking price sits below that, offering potential upside if the land can be redeveloped. The 1-bedroom, 1-bathroom configuration means the existing house is minimal, so the buyer should budget for substantial improvements or a new build. Hold this property as a long-term lifestyle holding or, if zoning permits, explore a staged subdivision after securing council pre-approval.