18 Muir Street, Kangaroo Flat VIC 3555

Large 3,089m² lot | 2-bed brick veneer | near station and shops | bushfire overlay present This property’s primary competitive edge is its unusually large 3,089m² lot in a well-located suburban setting, offering rare flexibility for a buyer seeking space, a workshop, or future subdivision potential. The brick veneer construction, solar PV, and water tank reduce ongoing costs, while proximity to Kangaroo Flat station and a supermarket supports everyday convenience. It best suits a buyer prioritising land value over house size, such as a downsizer wanting room for a shed or a developer holding for long-term yield. The bushfire overlay is the key risk, constraining certain uses and potentially raising insurance costs, which must be factored into the buyer’s holding budget. The 276m² building footprint is generous for a two-bedroom house, suggesting inefficient use of space unless repurposed. Rental yield at $460/week is modest against the asking price, so this property should be held for land appreciation rather than immediate income. Use it as a flexible base with scope to add a granny flat or subdivide if council permits align.