112 Crompton Street Soldiers Hill VIC 3350

Heritage cottage | 899sqm land | first sale in 55 years | dual-occupancy potential | prime Soldiers Hill pocket The property’s competitive edge lies in its rare combination of a large 899sqm block with a separate cottage on a tree-lined street, offered for the first time in over five decades. For a buyer seeking both immediate accommodation and future value uplift, the dual-dwelling configuration provides flexibility: live in the main house while renovating or redeveloping the cottage, subject to council approval. This is particularly suited to owner-occupiers with a medium-term horizon who want to secure a foothold in a sought-after inner suburb near the CBD, train station, and Lake Wendouree. The heritage overlay adds character and protects streetscape value, though it also constrains demolition or major alterations. The primary risk is the heritage overlay, which limits redevelopment scope and may increase compliance costs for any structural changes. The buyer should budget for professional heritage advice and council negotiations if pursuing the cottage’s potential. On the opportunity side, the 240sqm building footprint on an 899sqm lot leaves room for thoughtful expansion or a future subdivision, provided overlay conditions are met. Rental income from the cottage could offset holding costs, with the main house generating $380–$465 per week. Hold this property for its land content and location; any renovation should prioritise preserving heritage integrity to avoid diminishing resale appeal.