20 Kurrajong Cres Melton South VIC 3338

Large 900m² block in Growth Zone | Three-bedroom family house | Substantial land holding in Melton South | Recent resale history This property’s primary competitive strength is its significant 909m² land parcel within a designated Residential Growth Zone, a configuration becoming rarer against newer, higher-density subdivisions. This positions it for long-term land value appreciation and potential future development, subject to council approval, making it most suitable for a buyer seeking a land bank or a family requiring substantial outdoor space. The three-bedroom, two-bathroom home provides immediate utility, but the value thesis is fundamentally anchored in the land size and zoning. The decision hinges on paying for future potential against present-day costs. The price range reflects a premium for the zoning and block size, carrying the risk that rezoning or subdivision approvals are neither guaranteed nor cost-free, locking capital. Proceed only if the land premium aligns with a concrete hold or development strategy over a long horizon, not for short-term gains. A Propcred report would quantify the exact land value component, identify site-specific zoning constraints, and assess locality risks to validate the investment logic. Previous sales indicate a notable uplift; it sold for $535,000 in April 2018 and was resold in 2021. This trajectory suggests strong capital growth in recent years, though the 2021 sale price is undisclosed. For a buyer, this history underscores the need for a current, precise valuation to ensure the asking range is justified by more recent market movements, not past performance.