18 Caldera Street, Donnybrook VIC 3064

Residential land in Donnybrook | 402sqm | no overlays | off-market opportunity. This property is a clean parcel of residential land in a growth corridor, with no bushfire, flood, or heritage overlays — rare for the area and a genuine advantage for a buyer. The 402sqm size is efficient for a standard home build, and being off-market means you can negotiate without auction pressure. It suits a buyer looking to build a new house in a developing suburb with established school zones. The main risk is that the estimated value sits at $750,000, which is high for raw land in Donnybrook, and the lack of recent sales data makes pricing uncertain. You are buying into a corridor with strong future demand, but holding costs during construction need to be factored in. The opportunity is to secure a site with no overlay constraints and build a modern home that capitalises on the area’s growth. Hold this as a build-and-hold or sell the completed house for a controlled return.