3 Whelans Place, Romsey VIC 3434

6 beds on 4,031m² | 1980 build with 4% coverage | bushfire overlay | low rental yield This property presents a rare configuration for the area, offering six bedrooms on over one hectare of land with minimal building footprint, a combination that provides significant expansion potential within the bushfire overlay constraints. Its substantial land holding and bedroom count position it uniquely against nearby comparables, which are typically smaller in scale and value, making it suited for a large family seeking space or a buyer with future subdivision aspirations, subject to council zoning. The established 1980 construction with modern updates like solar panels and grey water systems suggests a functional, if modestly sized, dwelling on a premium land parcel. The primary investment consideration is the low gross rental yield, estimated around 2.8%, which indicates this property’s value is land-driven rather than income-generating, aligning it with a long-term capital growth hold. The bushfire overlay imposes specific construction and insurance costs that a buyer must factor. Its commercial logic lies in the under-utilised land ratio; the 4% building coverage against a 4,031m² block represents a clear opportunity for future development or value-add improvements, provided due diligence on planning provisions. Acquire this for land banking or as a primary residence with upgrade potential, not as a cash-flow investment.