505 Moreland Road, Pascoe Vale South VIC 3044

20m frontage | 638sqm block | development upside | tightly held pocket | single-level 1930s home The wide 20-metre frontage on a 638sqm block is the defining feature here, giving this property a rare configuration edge in Pascoe Vale South. The existing 1930s home is structurally sound and livable, meaning a buyer can hold and rent while planning a townhouse development or luxury rebuild. This suits an investor or developer who values optionality, as the block’s size and zoning support multiple configurations subject to council approval. The location in a tightly held residential pocket with strong owner-occupier demand further underpins the property’s long-term appeal. The main risk is the price gap between the estimated value and the asking range, which suggests the seller has already priced in the development potential. Buyers should factor in holding costs and council approval timelines, as any delay reduces yield. The single-level layout and stumps foundation may require attention if retained long-term, but the 29% building coverage leaves generous room for expansion. For a buyer seeking a balanced entry into Melbourne’s inner-north development market, this property offers a clear path: hold, improve, and subdivide when the market aligns.