18 Birch Avenue, Tullamarine VIC 3043

Large flat 751m² block in quiet street | STCA potential for 3-4 townhomes | No bushfire or flood overlays | Walk to primary school and parklands This property presents a clear redevelopment opportunity on a large, level lot in a established residential area. Its competitive strength lies in the 751 square metre parcel with no overlay constraints, a prior council application for four dwellings, and its quiet yet accessible location near schools and transport. This configuration best serves a buyer seeking to develop or an investor securing a land-banked property with immediate rental income from the existing house. The primary risk is the capital and time required to realize the subdivision potential, with holding costs against the current modest rental yield. The commercial logic is compelling: the 2023 sale price already reflected this development scope, and the lot size is larger than typical local stock. Acquire as a strategic land hold with existing income, and pursue a townhouse project to capitalize on the suburb’s evolution. Recent sales context shows the property at 18 Birch Avenue sold for $820,000 in January 2023. A comparable house on a subdivided lot at 18A Birch Avenue carries a mid-point estimate of $750,000. This supports the valuation premium for the full, developable parcel at number 18.