386-388 Sheffield Road, Montrose VIC 3765

Elevated 1-acre block | north-facing | bushfire overlay | 3-bed single-storey house | Montrose village proximity This property’s primary buying case rests on its rare combination of a full acre lot with north-facing orientation and an elevated position, which is increasingly scarce in the Yarra Ranges. The single-storey 162m² floorplan offers practical liveability without the maintenance burden of a larger home, making it suitable for downsizers or families seeking space without excessive upkeep. The reliable NBN and 5G coverage support remote work, a meaningful advantage given the bushland setting. The property serves best a buyer who values land size and aspect over internal luxury, and who has the capacity to manage the bushfire overlay requirements. The Bushfire Management Overlay is the material risk here, imposing higher construction standards and insurance costs that a buyer must factor into their budget and timeline. With only 4% building coverage on the lot, there is clear opportunity for future expansion or a secondary dwelling, subject to overlay compliance. The absence of flood or heritage overlays simplifies development potential. For a buyer, this property should be held as a long-term land bank with immediate livability, not a quick flip, given the overlay constraints and the current market conditions in Montrose.