62 Goodman Avenue, Kalkallo VIC 3064

Vacant land in new estate | 373m² rectangular lot | Supports 4-bed family home build | Neighbouring completed property as blueprint This vacant lot presents a clear development opportunity within an active growth corridor, its primary strength being the demonstrated build potential evidenced by the recently completed and sold house next door. The 373m² block size is the local standard, ensuring any compliant 4-bedroom, 2-bathroom family home built here would align perfectly with prevailing buyer demand for new, affordable housing within commuting distance of key northern infrastructure. This property serves a buyer seeking a straightforward build in an established pattern, avoiding the premium of a turn-key home. Proceed with a firm budget accounting for full construction costs atop the land price, as the major risk is cost escalation eroding end-value equity. The opportunity lies in securing a lot in a releasing estate before broader amenity completion lifts prices. Acquire only with fixed-price building contracts in place, targeting a hold period that captures the suburb’s maturation. Recent nearby sales indicate a active market for new homes on similar lot sizes, supporting the valuation range for the land. * 64 Goodman Avenue: 4 bed, 2 bath, 373m² land, sold Feb 2025 (price undisclosed). * 4 Fitzpatrick Circuit: 3 bed, 2 bath, 354m² land, auction 31 Mar. * 8 Maryland Rd: 4 bed, 2 bath, 392m² land, forthcoming auction. * 242 Dwyer St: Sold for $530,000-$550,000. * A 3 bed, 2 bath townhouse on 241m² sold for $600,950. The sold prices for comparable built properties, particularly the townhouse at over $600k, validate the underlying land value for 62 Goodman Avenue and suggest a correctly priced entry point for a builder-owner.