1/13 Tyrrell Avenue, Blackburn VIC 3130

Large land unit in Blackburn | Zoned for quality schools | No overlays | Strong rental yield This property presents a compelling opportunity as a land-rich unit in a stable, family-oriented suburb. Its 406m² parcel is a significant configuration advantage over typical townhouses, offering greater utility and underlying land value within a sought-after school catchment. The absence of bushfire or heritage overlays removes development friction and insurability concerns, while the high-confidence rental estimate supports an investment case for owner-occupiers seeking future flexibility or investors targeting long-term capital growth in a low-supply environment. It serves the family buyer or the strategic investor who prioritises land component and zoning security over architectural prestige. Proceed with the understanding that its value is pegged to the premium end of the unit market, where buyer appetite is narrower than for standard houses. The primary risk is paying a house-price premium for a unit title, which may cap resale velocity; this cost is mitigated by the larger land holding and superior yield. The opportunity lies in securing a low-maintenance property in a prime catchment before wider market recognition of this configuration’s scarcity. Acquire this property to hold for a full property cycle, leveraging its rental coverage during ownership and its school-zone appeal upon eventual sale. Recent comparable sales on Tyrrell Avenue provide a clear benchmark. A near-new three-bedroom townhouse at 3/18 Tyrrell Avenue, on only 175m², carries an estimated value of $1.22 million. This demonstrates that buyers are willing to pay a premium for modern, well-finished units in this location. Given this property’s substantially larger land size and similar configuration, its listed price range is competitively positioned, suggesting the land premium is justified and may offer a more resilient value floor.