162 Fitzgerald Road, Bullengarook VIC 3437

Large rural lot near Gisborne | Bushfire overlay | High rental yield for area | Zoned for established schools This property presents a competitively strong proposition as a spacious rural residence on a significantly larger land parcel than typical for Bullengarook, offering immediate privacy and country charm minutes from Gisborne’s amenities. Its rare 9-acre setting with multiple living zones serves buyers seeking space over proximity, supported by a rental yield that outperforms metropolitan averages, making it equally viable as a permanent home or an investment with solid weekly returns. The zoning for reputable government schools further anchors its family appeal. The primary decision mechanism is the bushfire overlay, which imposes specific construction and maintenance costs, potentially affecting insurance premiums and future development feasibility. The commercial logic lies in securing a substantial landholding below regional median price points, with the rental demand providing a buffer against holding costs. Acquire this as a long-term hold to capitalise on land value, using the existing rental income to subsidise ownership while the rural lifestyle market matures further. Recent sales within a 5km radius provide context: while direct comparisons are limited, the achieved prices for properties with lesser land size suggest this listing’s asking range is positioned within the established market. This indicates the vendor’s expectations are grounded in recent area activity, though the premium for its larger parcel must be justified against these comparables.