23 Dovegrey Street Clyde North VIC 3978

Vacant land nomination | Berwick Waters estate | 448sqm block | under-construction 4-bedroom | limited street supply The buying case rests on a rare nomination opportunity within a tightly held estate, where the 448-square-metre allotment is larger than typical new-release lots and positions the buyer ahead of standard land queues. The under-construction configuration saves twelve to eighteen months of holding costs and builder delays, while the estate’s proximity to Monash Freeway and two train stations gives it a commuter advantage over deeper Clyde North pockets. This property suits a buyer seeking a turnkey-style purchase in a prestige master-planned community with established childcare and school catchments, where comparable finished houses on similar-sized blocks are valued above $820,000. The principal risk is the discrepancy in reported land size—238 square metres versus 448 square metres—which must be verified against the title before exchange, as a smaller block would materially reduce resale appeal and rental yield. The street has only two properties, limiting comparable sales and making valuation dependent on broader estate data. Opportunity lies in the nomination structure: the buyer can lock in today’s price on a house that will take eighteen months to complete, capturing any uplift in Clyde North’s 3.5% annual growth. Hold this property as a long-term family residence or rent it out to leverage the 4% yield, but only after confirming the exact land dimensions.