17 Allen Street, Bulleen VIC 3105

Off market | 625sqm block | Bulleen | estimated $1.05M | limited internal data The buying case here rests almost entirely on land position and size. A 625sqm block in Bulleen, with an estimated value just over a million, places this property in a segment where land is the primary driver of future equity. For a buyer willing to look past the lack of a full residential specification, the opportunity is to acquire a site that may support redevelopment or hold long-term capital growth in a well-established Manningham suburb. The property is best suited to those with renovation experience, a builder’s eye, or a patient hold strategy—not for someone seeking a move-in ready home with known room counts. The principal risk is the absence of confirmed dwelling condition, layout, and sales history. Without these, a buyer cannot price the property accurately or assess immediate holding costs. The opportunity lies in the land-to-value ratio: if the dwelling is livable, even modestly, the buyer gains a foothold in a street where newer townhouses nearby suggest strong rental demand and rising values. The property should be inspected thoroughly, then held for land appreciation or developed when zoning permits.