10 Melbourne Road, Yea VIC 3717

1920 character | 4-bedroom house | 583m² block | Yea primary school zone | no overlays The property’s competitive strength lies in its land-to-building ratio on a 583m² block with only 25% coverage, which is unusual for a 1920s house and gives a buyer rare scope for extension or subdivision in a residential zone with no overlay constraints. The four-bedroom two-bathroom configuration is well suited to families targeting Yea Primary and High School zones, where demand is steady for move-in-ready homes with room to grow. Reliable NBN connectivity adds a practical edge for remote workers. The main risk is the 1920 build age, which may conceal outdated wiring, plumbing or insulation that could cost $20,000–$40,000 to address, though no heritage overlay limits what you can do. The open car spaces rather than a garage reduce appeal for some buyers but are offset by the low building coverage. Opportunity lies in adding a rear extension or granny flat to lift rental yield above the current 4% estimate. Hold this property as a long-term family home or renovate to unlock equity within five years.