21 Norfolk Place, Port Fairy VIC 3284

Large 997m² lot | 36% building coverage | No overlays | Fixed wireless NBN | Zoned for local primary This house presents a low-density residential holding on a large, unencumbered block, a configuration increasingly rare in coastal towns. The substantial land component relative to the building footprint offers immediate utility and future optionality, serving a buyer seeking space over turnkey finishes. Its position within the catchment of the local consolidated school strengthens its appeal to a family demographic, while the absence of bushfire or heritage overlays simplifies the ownership proposition. The primary risk is valuation volatility, evidenced by the significant disparity between automated estimates and the listing price; this gap represents a potential cost if market sentiment retreats from current premiums. The opportunity lies in the land bank value and the property’s utility as a permanent residence, not a speculative trade. Acquire for long-term occupation with the land as your security, not for near-term resale. Comparable at 10 Norfolk Place lists at $1,350,000 for a 4-bedroom house on a smaller 860m² block. This suggests the subject property’s asking price is positioned against premium street stock, relying on its larger land parcel to justify value.