13 Stenhouse Avenue, Brooklyn VIC 3012

Multi-unit site | Bushfire overlay | Residential zoning | 1,553m² lot This property presents a rare opportunity to acquire a multi-unit site in a tightly held residential pocket of Brooklyn, where the large lot size of 1,553m² offers significant reconfiguration potential. The presence of two separate units with distinct floor plans and estimated values provides immediate rental income while a buyer evaluates longer-term development options under the current residential zoning. The property is best suited to an investor or developer seeking land-banking with holding income, rather than an owner-occupier looking for a single family home. The bushfire overlay introduces specific construction and vegetation management requirements that may affect redevelopment costs and timelines. However, this overlay is not uncommon in the area and can be navigated with appropriate due diligence. The limited active market presence suggests less competition, potentially allowing a buyer to negotiate from a stronger position. The key opportunity lies in the land value and unit configuration, where a strategic buyer could unlock upside through subdivision or redevelopment once the overlay constraints are fully assessed.