11 Main Street, Strathmerton VIC 3641
11 Main Street, Strathmerton VIC 3641
Rare Industrial 1 zoning | 2.6 acres near Murray Valley Hwy | 4-bedroom house with 6 garages | Mixed-use flexibility
This property’s primary buying case rests on its unusual Industrial 1 zoning paired with a substantial 2.6-acre lot and highway frontage—a configuration rarely found with a livable 4-bedroom house already in place. For a buyer seeking workshop, storage, or light industrial capacity alongside residential use, the 6 garage spaces and 430m² building footprint provide immediate utility. The location near Strathmerton Primary School and Cobram Secondary College adds family practicality, while the Fixed Wireless NBN connection supports remote work. This property suits buyers who value operational flexibility over pure residential amenity.
The bushfire overlay is a material risk requiring due diligence on building standards and insurance costs; it may also limit certain future extensions. The property has transitioned off the market, which could indicate pricing misalignment—the wide gap between estimated value ($765,000) and recent asking ($825,000) suggests careful negotiation is warranted. However, the mixed-use zoning presents a genuine opportunity: potential for home-based business, equipment storage, or future subdivision if council supports it. Buyers should verify the Industrial 1 zone’s specific permitted uses and any development constraints before proceeding
Detailed Independent Property Report prepared by PropCred Analyst team for 11 Main Street, Strathmerton VIC 3641
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Strathmerton is a family-oriented regional centre with a stable, owner-occupied market. Demand is driven by couples with children, supported by a tight rental market and low vacancy. Recent house price growth has been inconsistent, reflecting broader regional conditions, with a flat to modest outlook ahead. Key constraints include limited sales activity and a market sensitive to regional economic shifts.
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PropCred Estimated Value
Bedrooms
4
Bathroom
1
Parking
-
Land
1.05 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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