12 Deschamps Street, Lilydale VIC 3140

3 bed house on 1018sqm | bushfire overlay | 4-property complex | high owner-occupier street | auction 30 May The property sits on a rare 1018sqm block within a small four-property complex, which is competitively strong for buyers seeking land depth in Lilydale without the exposure of a standalone house on a main road. The three-bedroom, three-bathroom configuration with two car spaces signals it was built or reconfigured for dual-purpose living,possibly as a multi-generational home or with rental income potential from a self-contained portion. The high owner-occupier rate on Deschamps Street (90%) suggests stable neighbourhood character and lower turnover risk, which benefits a buyer planning to hold medium-term. This property best suits a purchaser who values land banking in a bushfire-prone but well-located area, or an investor targeting the tight rental supply in Yarra Ranges. The bushfire overlay is the primary risk, imposing higher insurance premiums and stricter building standards for any future renovations or extensions. Buyers should budget for a full building and pest inspection given the complex’s age and subdivision history,the discrepancy between a “house” and a “1 bedroom unit” listing indicates possible unapproved alterations or shared infrastructure that could complicate title or financing. Proximity to Victoria Road Primary School (0.6km) and Lilydale High School (0.8km) strengthens resale appeal to families, but the auction format on 30 May means the buyer must pre-approve finance and have conveyancing ready to act on any structural or overlay issues identified. Hold this property as a long-term land play; the bushfire risk is manageable with due diligence, and the complex’s small scale limits future development pressure from neighbours.