34 Gosford Cres, Broadmeadows VIC 3047

Vacant block, wide frontage, 605 sqm, Broadmeadows | No flood bushfire heritage risk | Building cover only 26% | Sold at $675k in March 2026 The land offers a low building coverage of 26% which gives you genuine flexibility for a custom home or future subdivision subject to council approval, but the value range after purchase is wide between $530k and $710k meaning you could be exposed to downside if the market softens. The site sits at 126m elevation with reliable NBN and 5G coverage so infrastructure risk is minimal, and the zoning for local schools within walking distance supports strong rental demand. This is a hold-and-build proposition not a quick flip. The wide frontage and level allotment are scarce in Broadmeadows, giving you an edge over typical narrow blocks that limit design options, and the location in the Hume council area with no heritage constraints means you can proceed with development plans without major regulatory hurdles. The property is best suited to a buyer who wants to build a permanent family home or a small investor targeting the primary school catchment. To secure the block at a point where the mid-point valuation of $620k sits below the recent sale price you must negotiate from the vacancy and holding costs to your advantage. The 1994 sale for $56k to the 2026 sale for $675k shows a long-term capital gain of over 1100% which is typical for the area but the recent range of $530k to $710k suggests the market has not yet fully absorbed the March price so you should request a building and pest inspection to confirm there is no hidden fill or drainage issue on the vacant land before exchanging.