1B Belah Avenue, Altona VIC 3018

3 beds, 2 baths, 711sqm | low site coverage, high owner-occupancy street | no overlays, strong school zone | recently updated, off-market with agent guide. The property’s competitive strength lies in its rare combination of a large 711sqm lot with only 16% site coverage, offering significant future extension or redevelopment potential within a stable, high owner-occupancy street. The recent update to two bathrooms and strong school zoning serve a family buyer seeking immediate liveability with long-term land value. This position suits a buyer who values a low-risk, hold-oriented investment in a tightly held suburb. The primary risk is the discrepancy between the 2022 sale of the adjacent lot and the current guide, which may signal valuation uncertainty or a subdivided holding. The low ground elevation and absence of flood overlays are neutral, but a buyer should verify drainage. The opportunity is to acquire a well-located, under-improved site below replacement cost. Hold for land appreciation or extend the building to capture the full site value.