27 Shetland Street, Endeavour Hills VIC 3802

Bushfire overlay risk | below-median street profile | short rental upside window | dual-occupancy plans not pre-approved The property carries two quantifiable risks: the bushfire overlay may increase insurance premiums by 20 to 30 percent, and the approved plans for a rear unit do not guarantee council consent for dual occupancy, which delays development revenue. The opportunity lies in holding the house as a rental at $530 per week while the subdivision path remains open, but only if you accept a 3.5 percent yield and carry holding costs for twelve to eighteen months. This house suits a patient investor who buys for land leverage, not immediate cash flow. Competitive strength comes from the 865 square metre block in a suburb with 82 percent auction clearance and 150 sales this year, indicating consistent demand. The rear unit potential, while conditional, offers a rare entry point into Endeavour Hills for a price below the street median. This property serves best a buyer who can wait for zoning changes or build the second dwelling as a separate investment, not an owner-occupier seeking move-in readiness. Next step: request the approved unit plans and a bushfire assessment to quantify two-year holding costs before making an offer.