4/62 Fellows Road, Point Lonsdale VIC 3225

wrap-around courtyard on 590sqm | heritage overlay flagged for 62 Fellows Road | blank canvas requiring full kitchen and bathroom | price guided at $365k-$400k in coastal pocket The property carries a heritage overlay risk tied to the broader 62 Fellows Road address, which may impose restrictions on external alterations and delay renovation timelines, costing buyers in compliance fees or redesign work. The land-to-price ratio around $619 per square metre is rational for a tightly held Point Lonsdale pocket, but the absence of functional kitchen and bathroom means the buyer must underwrite a full fit-out before occupancy or rental use. Treat this as a long-hold renovation shell unless you secure pre-approval for costed plans that align with heritage constraints. What is competitively rare here is the land size in a quiet locality within walking distance to shops and beaches, making it a scarcity play in a market where sub-600sqm blocks near the coast rarely trade under $400k. The 2-bedroom layout and low-maintenance courtyard suit a downsizer or holiday investor seeking a blank canvas, but the lack of scheduled inspections signals the seller is testing appetite without pressure. The heritage overlay is the key lever to verify before any offer—use VicPlan to confirm its exact boundary—as it directly shapes whether this holds as a straightforward renovation or shifts to a stricter project.