178 Warrigal Road, Camberwell VIC 3124

Near 1000m2 land | Scarcity in Camberwell | Redevelopment potential | Value in land | Old dwelling This property is defined by its 995 m² landholding, a competitive edge in Camberwell where such sites are scarce. The existing house is secondary; the value lies in the redevelopment potential it affords. It is best suited to buyers with a development or renovation focus who can look past the current dwelling to capture future land upside. The location in a tightly held suburb reinforces long-term demand. The principal risk is the dwelling’s limited functionality, which necessitates a capital outlay for renovation or redevelopment. This cost must be weighed against the site’s potential for multi-dwelling development, subject to council criteria. For most buyers, the property is held for land appreciation in a premium suburb or developed to realise its full site value.