1 Almurta Street, Alfredton VIC 3350

Large 975sqm block | Alfredton growth corridor | redevelopment scope | established house with holding income This property presents a rare configuration in a tightly held pocket of Alfredton: a 975sqm block with an existing dwelling that allows immediate rental income while the buyer secures long-term land value. The combination of size, location in a growth suburb, and the flexibility to hold, renovate, or pursue subdivision makes it competitively strong for investors or land-bankers. It serves best those who can look past the dated house and see the land as the primary value driver, with the current home acting as a low-risk holding strategy. The primary risk lies in the feasibility of subdivision or redevelopment, which depends entirely on council zoning, overlay restrictions, and site access—none of which can be assumed without due diligence. The house itself may require renovation to achieve strong rental yield, and the estimated value sits below the local median, reflecting condition or market perception. The opportunity is clear: in a suburb where larger blocks are increasingly scarce, securing this site now positions the buyer for capital growth and future development optionality, provided planning constraints are manageable.