120 Sunset Drive, Chirnside Park VIC 3116
120 Sunset Drive, Chirnside Park VIC 3116
5-bedroom custom home | 1.34-hectare semi-rural parcel | north-facing with panoramic views | bushfire overlay present
This property presents a rare, consolidated landholding in a residential zone, offering a custom-built, north-facing home designed for large-scale entertainment and a semi-rural lifestyle on the urban fringe. Its five-bedroom, four-bathroom configuration and substantial 1,277-square-meter footprint provide a functional layout for a multi-generational family or those requiring significant space for work and leisure. The absence of heritage constraints and the presence of modern infrastructure, including FTTP NBN, support adaptability for a buyer. This house serves a specific demographic seeking privacy and acreage without complete remoteness, capitalizing on established school catchments and proximity to suburban amenities.
The primary decision mechanism is the bushfire overlay, which imposes specific construction standards, ongoing maintenance liabilities, and potentially higher insurance costs, directly impacting holding expenses. The property’s pricing sits at a premium for Chirnside Park, reflecting its scale and land size, yet the lack of recent sales history for the house itself introduces valuation uncertainty. Commercial logic lies in the scarcity of such large, residential-zoned parcels; future subdivision potential, subject to council planning, is the key opportunity that underpins the land value. Acquire this property as a long-term family holding where the lifestyle utility justifies the overheads, not as a short-term asset play.
Detailed Independent Property Report prepared by PropCred Analyst team for 120 Sunset Drive, Chirnside Park VIC 3116
Market Insight:
Chirnside Park is a family-focused suburb with a professional demographic, underpinning steady demand for houses. This demand is reflected in solid annual price growth and a relatively brisk sales market. While house performance remains robust, the unit segment shows greater price volatility. Future growth is supported by its established residential character, though the divergence between house and unit performance warrants attention.