36 Koonung Road, Blackburn North VIC 3130

Large 630m² block in Blackburn | No overlays | Strong school catchments | Moderate rental yield This property presents a competitively strong land position within a sought-after school zone, free of complicating overlays. The 630-square-metre lot offers genuine sub-division potential or space for expansion, a rarity in this established area. It serves a buyer seeking long-term capital growth through land banking or a family prioritizing proximity to quality government schools. The reliable connectivity is a supporting amenity. The primary risk is the compressed yield against the purchase price, with holding costs potentially outweighing rental income. The commercial logic lies in the land component appreciating independently of the dated improvements. Acquire this for land value and hold as a long-term principal residence or future development site, not as a cash-flow investment. * 1A Larch Street: 3-bed, listed $1.0M-$1.1M. * 5 Woorrwarren Lane: 4-bed, 3-bath, under offer at $1.59M-$1.66M. * Larger land parcels (e.g., 494 Middleborough Rd) command significant premiums. This context confirms the subject property’s asking range is positioned for its land size, between basic housing and premium upgraded homes.