4 Bank Road, Edithvale VIC 3196

Permit-secured beachside development site | five luxury residences approved | 645sqm in tightly held Edithvale | reduced planning risk for immediate construction This property offers a rare combination of coastal positioning and development-ready status. The approved plans for five architecturally designed residences remove the most significant risk in small-scale development—the council approval process. For a buyer seeking a premium beachside project, this site provides a faster path to construction than competing parcels. The landholding is substantial for this suburb, where supply of development opportunities remains constrained. It suits developers, builders, or family offices wanting a controlled coastal project with strong owner-occupier demand. The primary risk sits in the execution margin. With construction costs elevated and luxury finishes expected in this pocket, the buyer must secure a builder at a viable price before committing. The 15-bedroom data error on aggregator sites is a distraction but not a structural risk. The opportunity lies in the permit’s flexibility—five residences allow for staged delivery or a single sale to a premium buyer. This property should be held through construction and sold as completed dwellings, not as vacant land.