22 Lilicur Road, Montmorency VIC 3094

Large block Montmorency | Flood overlay flagged | Dual sale-lease listing | Mudbrick studio adds flexibility This property’s primary buying case rests on its unusually large 1,577 m² landholding in a suburb where median blocks are substantially smaller, giving it a scarcity advantage that underpins the premium positioning. The ranch-style layout with a mudbrick studio and strong indoor-outdoor flow serves families seeking space, privacy, and a secondary-use area without needing to renovate. The dual listing for both sale and lease suggests the seller is testing demand, which may create a negotiation window for a buyer who can move decisively. The flood overlay is the principal risk and should be investigated through council records and insurance quotes before committing, as it may affect future development potential and ongoing costs. However, the large site and studio offer conversion or subdivision optionality for a buyer with longer time horizons, and the property’s location within Banyule Council and proximity to good schools supports stable demand. The asking range sits above automated estimates, but the land size and presentation justify a premium for the right buyer.