9 Fenacre Street, Strathmore VIC 3041

Large vacant block in established suburb | Approved dual dwelling permit | No overlays | Zoned for sought-after secondary college | Strong rental yield signals This property’s primary strength is its scale and approved permit within a high-demand school zone, offering immediate development potential without heritage or environmental constraints. The wide frontage and subdivision rights create a rare opportunity to build two substantial family homes in a tightly held area, best serving builders or investors targeting the family rental market. Proceed with a feasibility assessment against current construction costs, as material and labor inflation could erode margins on the approved dual occupancy. The recent vendor resale after a short hold period suggests a motivated seller, presenting a negotiation advantage. Acquire as a strategic land bank with a build-and-hold strategy to capture rental demand from the college catchment, as a quick flip may not cover transaction costs given the subdued suburb price growth.