25 Thomas Street Baxter VIC 3911

3-bed Baxter house | 670m² lot | bushfire overlay | FTTP and 5G This property offers a rare combination of a generous 670m² lot with a modest 93m² house, creating significant redevelopment or extension potential that is uncommon in Baxter’s current market. The low building coverage of 14% means a buyer can add square metres without sacrificing outdoor space, while the fully fenced lot and reverse-cycle air conditioning make it immediately livable. It is best suited to a buyer seeking a long-term hold with options: a family wanting to renovate and expand, or an investor targeting the rental yield of $585 per week while land value appreciates. The bushfire overlay is a material risk, increasing insurance costs and potentially limiting some future building designs or requiring higher-spec materials, which a buyer must factor into budget. However, no flood or heritage overlays reduce regulatory friction. The Mornington Peninsula location and zoning for Baxter Primary and Mount Erin Secondary College provide stable demand from families. The property should be held as a land bank with incremental improvements, not flipped; its value lies in the lot’s flexibility and the area’s steady growth, not in the current house.