Large acreage estate | premium steel-frame construction | separate activity wing | high-yield rental potential | heritage & bushfire overlays
This property presents a competitively strong position within the Stratham acreage market, defined by its substantial 3.24-hectare landholding and a 367m² residence built to a premium specification. The configuration, featuring a dedicated minor bedroom wing, a main suite with direct outdoor access, and extensive outdoor living and shed infrastructure, serves a buyer seeking a high-amenity family compound or a property with dual-purpose living and income potential from the substantial outbuilding. Its scale and finishes are demonstrably rarer than typical local stock.
Decision hinges on navigating its specific risk mechanisms. The heritage and bushfire overlays impose permanent constraints on future development or modifications, costing the buyer flexibility. However, the significant powered shed and established rental demand for large homes present a clear commercial logic for cost offset. This property is a hold for lifestyle with income support, not a speculative land play; proceed only if the overlays align with your long-term use.
Recent sales on Bourne Loop provide a direct value benchmark:
– 116 Bourne Loop (5 bed, 2 bath, 3 car) sold for $1,850,000.
– 46 Bourne Loop (4 bed, 2 bath, 4 car) sold for $1,510,000.
Given its superior land size, building area, and bathroom count, this property’s offered price reflects a premium positioning relative to these comparables, justifying its ask against the recent market evidence.