17 Gibbs Street, Newcomb VIC 3219

North-facing 597sqm block | 1960s layout with study nook | Oversized garage for boat or caravan | 100m to Bellarine Village shopping This property offers a rare combination of a generous north-facing block and a practical 1960s floorplan that includes a dedicated study nook, which is uncommon for the era. The oversized single garage, at 7.3m by 4.2m, provides secure storage for a boat, caravan, or trailer, a significant advantage in this market. The location, just 100 metres from a major shopping centre, reduces car dependency for daily errands, and the General Residential Zone 4 zoning adds a layer of future flexibility that most nearby houses lack. This property is best suited to a buyer who values a low-maintenance, single-level home with strong potential for future development or a family seeking immediate space and a secure yard. The primary risk is the property’s age and condition, which may require immediate capital for updates to the kitchen and bathroom, costs that should be factored into any offer. The 19% building coverage on a 597sqm block presents a clear opportunity: a future owner could potentially subdivide or develop the rear of the lot, subject to council approval, unlocking significant value. For a buyer, this property should be held as a long-term land bank, with the existing house providing comfortable accommodation while the zoning and block size appreciate.