12 Gregg Street, Diamond Creek VIC 3089

Large 920m² block | walkable to station and shops | family pocket | older house with potential This property’s competitive edge is its 920m² block in a walkable, family-friendly pocket of Diamond Creek. Blocks of this size are not common close to the station and shopping, which gives this house a scarcity advantage for buyers wanting land without sacrificing convenience. The house itself is older and presented as a renovation or redevelopment opportunity, so it is best suited to a buyer who values the site over the existing dwelling—whether that is a family planning to update over time, or someone looking at the longer-term potential of the land. The value of this house is tied closely to the land size and location, but the existing dwelling will likely require meaningful work. The single bathroom and older finishes may limit immediate appeal for buyers wanting a move-in ready home, which could keep the sale price closer to the lower end of expectations unless strong competition emerges from developers or renovators. The lack of a second bathroom may also narrow the buyer pool, so the final price may reflect how much work a buyer is willing to take on rather than the land value alone.