1304 Horseshoe Bend Road, Torquay VIC 3228

Spacious family footprint | subdivision-ready rear lot | two-storey presence on 701sqm | rare permit for secondary townhouse This property’s primary buying case rests on the subdivision permit for a two-bedroom townhouse at the rear, a feature rare in Torquay’s current market. The main house offers generous living across two levels with three bedrooms plus a study, suited to families or buyers seeking a home with income potential. The 27% site coverage leaves room for the separate dwelling without crowding the main residence, and the absence of bushfire, flood, or heritage overlays reduces approval friction. The property best serves buyers who want a primary residence with a built-in future yield or multigenerational flexibility. The key risk is the subdivision’s execution cost and timeline, which will require council approvals, infrastructure connections, and separation of title, adding months and budget before the townhouse becomes a saleable or rentable unit. The older sales estimate and short listing period suggest the price range may be aspirational rather than tested. NBN Fibre to the Node is adequate but not a market mover. The opportunity lies in holding the main house long-term while developing the rear lot, or selling the townhouse to offset the purchase cost. This property should be bought as a hold-and-develop proposition, not a turnkey investment.