1 Facey Road, Devon Meadows VIC 3977

Semi-rural acreage near urban growth corridor | Indoor pool and five bedrooms on one hectare | Zoned for Casey residential use | Bushfire and flood overlays apply This property offers a rare combination of scale and amenity within Melbourne’s south-eastern growth corridor. The one-hectare parcel with an indoor pool, five bedrooms, and ten garage spaces positions it as a multi-generational or hobbyist holding where equivalent land parcels are increasingly subdivided. Its residential zoning under Casey Council provides more predictable long-term use than rural conservation zones, and the 2023 sale at $1.71 million establishes a recent value floor. The property serves buyers seeking a single-title acreage home within commuting distance of urban services, particularly families requiring internal recreation space and multiple vehicle storage. The bushfire and flood overlays impose mandatory construction standards and may limit future subdivision or outbuilding options, reducing exit flexibility for capital-growth investors. The 1980 build requires ongoing maintenance despite cosmetic updates, and the semi-rural location means reliance on private transport for all amenities. The $1.9–$2 million guide reflects a 11–17% premium over the 2023 sale, partly justified by market movement and the refreshed interior, but buyers should verify whether the pool and building envelope comply with current overlay requirements. Hold for family use or medium-term land banking, accepting that subdivision is unlikely under current planning controls.