10 Mitchell Road, Lilydale VIC 3140

Large 1094m² block | Expansive shedding for 8 cars | Original condition with timber floors | No bushfire or flood overlays This property presents a rare opportunity to secure a significantly larger-than-average block in Lilydale, a key differentiator in a suburb where land supply is constrained. The extensive shedding capacity translates directly to utility for trades, collectors, or future development, while the original condition offers a lower entry point for renovators or investors. It serves the practical buyer seeking space and potential over immediate luxury, particularly first home buyers or those valuing workshop or vehicle storage. The primary risk is the capital required to modernize the house, which is offset by the lot’s inherent scarcity value. The absence of overlays simplifies any future development application. The commercial logic is to secure the land asset; the dwelling is effectively a holding cost. Acquire for land value, hold for subdivision potential or renovate to align the house with the block’s premium scale.