3 Station Street, Somerville VIC 3912

Approved second dwelling potential|Large 673m² block|Modern updates ready|No overlay restrictions|Central Somerville The property is positioned with a core competitive advantage in its approved plans for a rear second dwelling, a feature made more valuable by the absence of bushfire, flood, or heritage overlays. The large 673m² block supports immediate separation and future flexibility, while modern upgrades—split-system units, solar panels, and a recent gas hot water system—reduce near-term capital outlay. This configuration best serves buyers seeking a live-now, value-later opportunity, particularly families prioritising school zoning or investors targeting dual-income potential. A premium over the local median is present, which introduces some caution if the second dwelling is not realised promptly. The single bathroom may also limit appeal for larger households. However the approved plans mitigate development risk significantly, and the generous block within a residential zone offers rare optionality for future modifications without overlay constraints.