20 Sussex Street, Blackburn North VIC 3130

North-facing level allotment | Cleared and ready for construction | Zoned for dual occupancy | In tightly-held prestigious pocket This property presents a rare, development-ready parcel in a tightly-held Blackburn North street, a combination that creates immediate scarcity value. The 637m² north-facing block is level, cleared, and unencumbered by overlays, placing it in the minority of turn-key land positions. Zoned General Residential Schedule 1, it offers the formal option of a bespoke single residence or a pair of townhouses, catering directly to an owner-occupier seeking a premium build or a builder-developer targeting the prestige duplex market. Its positioning within the zones for Whitehorse Primary and Blackburn High School institutionalizes its appeal to the family demographic, anchoring long-term demand in a suburb where such parcels are infrequently released. Proceed with the understanding that the primary risk is pricing opacity, with listed ranges varying by over half a million dollars; this discrepancy costs a buyer certainty and necessitates an independent, contemporary valuation before any offer. The commercial logic lies in capitalizing on the cleared, serviced land status to bypass holding costs and commence construction, leveraging the documented demand from recent sales of improved properties. Given the data inconsistencies regarding past improvements, a detailed council planning review is non-negotiable. The judgment is that this property is a tactical holding for a builder or a long-term family purchase, where its value will be realized through construction, not passive land banking. Recent comparable sales of improved properties establish a strong underlying market: * A 660m² property with a 3-bedroom house sold for $1,300,500 in October 2025. * An 849m² property with a 3-bedroom house sold for $1,370,000 in September 2025. These sales, while for houses, confirm the robust price per square metre for land in the area, providing a credible baseline from which to assess the value of this vacant allotment after accounting for demolition and holding costs saved.