165 Surrey Road, Blackburn VIC 3130

1960s brick veneer | 650m² on flat land | no heritage overlays | dual-street potential for subdivision | auction 30 May This property is being sold for its land, not its house. The 650m² lot with no heritage, bushfire, or flood overlays is rare in Blackburn and gives a buyer genuine optionality — renovate, extend, or subdivide. The existing two-bedroom layout with a study and polished floors makes it livable immediately, but the real value sits below ground level: a 34% site coverage leaves substantial room for redevelopment. It suits a buyer who wants to hold and improve, or a developer looking for a clean entry into a strong school zone. The key risk is the price guide sitting below market value, which will draw heavy competition at auction. The neighbouring 164 Surrey Road at $2.09m shows the ceiling for this street, but this property’s smaller house and lower land value mean the buyer must avoid overpaying for potential that may not be immediately realisable. The auction format and short marketing period limit due diligence time, so a pre-purchase building and soil report is essential before bidding. For the right buyer, this is a rare opportunity to secure a development site in a tightly held suburb without paying a premium for a finished home.