6 Candeloro Street, Bacchus Marsh VIC 3340

Approved six-townhouse plans | 2024m² block | character residence | no overlays | quiet pocket The buying case is built on the rare combination of a liveable character house sitting on a 2024m² lot with fully approved plans for six architecturally designed townhouses. This is not a vacant development site but an immediately occupiable dwelling on a block that permits subdivision without overlay constraints, making it equally suited to a land-banking investor or a family who wants to hold while preparing a future project. The solid brick construction, established school catchment, and FTTP connectivity reinforce its holding value, while the low 14% building coverage signals headroom for density. The primary risk lies in the 2022 sale price and the current $1.42M–$1.57M estimated range, which may already reflect development premium and could limit margin if townhouse construction costs escalate. Buyers should verify the approved plans’ expiry dates and council conditions. The opportunity is straightforward: execute the townhouse approvals to unlock site value well above the single-dwelling market, or simply enjoy the land size and quiet street while the area appreciates.