28 Lantana Street, Blackburn North VIC 3130

28 Lantana Street, Blackburn North VIC 3130
Dual-living layout | Level 590sqm block | Strong school zoning | Auction campaign The property’s primary competitive edge is the self-contained rear unit on a level 590sqm block, a configuration rarely available in Blackburn North’s family market. This allows a buyer to accommodate extended family or generate rental income immediately, while the Old Orchard Primary and Blackburn High School catchments underpin strong resale demand. The single-level brick construction and two separate living zones make it most suitable for multi-generational households or buyers wanting future subdivision optionality. The auction format introduces price uncertainty beyond the stated guide, and the rear unit’s legal status should be verified for council compliance before bidding. The block’s redevelopment potential is subject to council approval, not guaranteed, and the existing home’s condition may require near-term maintenance. For a buyer, the opportunity lies in holding a dual-income capable property on appreciating land, with the flexibility to renovate or rebuild later without immediate pressure to act.
Detailed Independent Property Report prepared  by PropCred Analyst team for 28 Lantana Street, Blackburn North VIC 3130
Checks found:
Value Risk ! 1
Liquidity Risk 2
Planning Risk 2
Income Risk 2
Execution Risk
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Market Insight

This suburb is a well-established family enclave, with demand firmly anchored by owner-occupiers seeking houses. These properties are transacting swiftly, reflecting strong competition and sustained price growth. In contrast, the unit market presents a clear divergence, experiencing softer conditions with longer marketing periods and price pressure. Future performance hinges on this enduring family demand, though investors should note the pronounced segmentation between housing types.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

590m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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