347-355 Canterbury Road, Forest Hill VIC 3131

1.85 ha block | Forest Hill residential zone | flood overlay present | 5G coverage | zoned for Vermont Secondary College The buying case for this property rests almost entirely on its land area. A 1.85 hectare residential holding in Forest Hill is exceptionally rare, and that scarcity underpins any strategic value. For a buyer seeking future subdivision potential or a multi-generational compound, the sheer size provides optionality that standard suburban lots cannot match. The zoning for Vermont Secondary College and Mount Pleasant Road Primary School adds family appeal, while 5G coverage supports modern living needs. This property best suits a buyer with patient capital and a long-term view on land banking or staged development. The flood overlay is the primary risk—it will constrain building envelopes, increase insurance costs, and likely delay any subdivision approval. That overlay explains the low confidence in the current valuation and the wide value range. The lack of sales history or building specifics means due diligence must include a full geotechnical and flood assessment before any offer. The opportunity lies in buying below the theoretical land value because most buyers will be deterred by the overlay. Hold this property for land appreciation and rezoning potential, not for immediate rental yield.