4 Apex Cres, Bulleen VIC 3105

Large block in Bulleen | GRZ1 zoning potential | 4-bedroom family home | 317m² building footprint The property sits on a generous 1,159m² block with a 317m² building footprint, which is competitively strong for a buyer looking at future development potential given the GRZ1 zoning. The 27% building coverage leaves meaningful land for subdivision or a second dwelling, and the reliable NBN and 5G coverage supports modern living without being a primary driver. This house best suits a buyer who values immediate family occupancy alongside medium-term land value uplift, particularly in a suburb with 67% auction clearance and 42-day market time. The main risk is the -1.6% annual price growth in Bulleen, which means capital gains may lag unless the development potential is realised. The rental yield around 3% is modest, so holding costs need careful management. The opportunity lies in the independent feasibility assessment for three dwellings, which could significantly improve return on land. For a buyer, hold this property as a family home while pursuing subdivision approval, then sell or develop when zoning changes or demand returns.