30 Westbrook Street, Kew East VIC 3102

Combined large land parcel | rare 1800m² Kew East holding | older house on half | school zone proximity | developer or builder play This property’s primary strength is its scale and configuration as a combined 1812m² parcel, a rare offering in this established suburb. It presents a clear opportunity for a developer or builder seeking substantial project depth, with the immediate benefit of an existing rental income from the original house. The location within sought-after school catchments for both primary and high school adds fundamental family appeal and supports long-term demand, making it a strategic land bank with inherent utility. The decision hinges on accepting significant execution risk and capital outlay for future development, as the current dwelling holds minimal standalone value against the price. Your position is entirely in the land’s future potential. Proceed only with secured development feasibility and intent; otherwise, the premium for combined lots is unjustified. For a buyer with capital and capability, this is a direct land acquisition with a holding income, not a home purchase. Recent comparable sales data is notably sparse for a holding of this scale, limiting precise benchmark analysis. The available signal is a prior sale on Westbrook Street at $2,582,000, which underscores the suburb’s baseline for standard parcels. This absence of direct comparisons itself indicates the rarity of the offering, but necessitates a highly cautious, project-specific valuation rather than reliance on market comparables.