14 Henry Street, Yarra Junction VIC 3797

Rural edge | development overlay | half-acre lot | subdivision potential This property offers a rare combination of lifestyle scale and development optionality in the Yarra Valley. The 2042m² lot with an active two-lot subdivision application under council assessment gives a buyer a dual path: hold for immediate rural living with solar, high ceilings, and generous car accommodation, or pursue a value-add strategy through subdivision. The 17% site coverage and bushfire overlay are manageable for an informed buyer, and the school catchment adds family appeal. It best suits a buyer who wants a lifestyle property with a medium-term capital event built in. The bushfire overlay is the primary risk and may affect insurance premiums and finance terms, so early due diligence with lenders is advised. The discrepancy in building size estimates (118m² vs 341m²) needs verification through a physical inspection or council records. The subdivision application is not yet approved, so a buyer should assess the likelihood of consent and any conditions before pricing in that upside. If subdivision proceeds, the property’s value could materially exceed the current estimate, making this a strategic buy for a patient buyer.