37 Lockhart Drive, Rosebud VIC 3939

Large secluded coastal block | Low building coverage | No overlays | Long-held since 1985 | Zoned for local schools This property presents a rare, substantial landholding in a coastal setting, offering significant privacy and expansion potential due to its low building coverage and absence of development overlays. Its core strength is the 4001m² parcel, a size increasingly uncommon near the coast, which serves a buyer seeking a permanent sanctuary or a long-term land banking opportunity, not a standard suburban investment. The extremely long ownership period indicates a fundamentally sound, well-located parcel, though the house itself is a secondary consideration. The primary risk is the substantial price premium over the estimated value, demanding immediate equity sacrifice with reliance on future land appreciation for justification. The opportunity lies in the unimproved land value; a buyer must underwrite the purchase based on the lot’s inherent worth, not the dated improvements. Acquire only if you intend to hold the land for the long term, as the current price reflects future potential, not present-day building value.