10 Athlone Street, Lilydale VIC 3140

Large residential lot | Compact 2-bedroom house | Land value likely exceeds dwelling value | Bushfire overlay present | Family appeal with extension potential This property is competitively positioned through its unusually large 1,261 m² block, which is well above typical suburban lot sizes in the area and supports a strong land-value weighting. The modest 116 m² dwelling on a deep, usable block with established trees and clear lawn area offers rare extension or renovation potential, making it most suitable for land-focused buyers, owner-occupiers seeking substantial outdoor space, or those looking to add value over time. The reliable NBN FTTC and 5G coverage, combined with school zone access to Birmingham Primary and Yarra Hills Secondary College, further strengthen its appeal to family buyers in an established, leafy suburban setting. The bushfire overlay is a material site constraint that may affect insurance costs and development approval timelines, and should be carefully reviewed. The inconsistency in bedroom counts across data sources—ranging from two to three—creates uncertainty about the internal configuration, which might influence how the property is valued relative to comparable houses. The compact floor area relative to the large landholding means the property’s value is driven primarily by the land rather than the dwelling itself, so buyers should assess whether the existing house meets their needs or if renovation costs would be justified.