4 Parker Street, Dunkeld VIC 3294

2-bedroom house | 2056m² residential lot | Southern Grampians zone | Bushfire overlay applies This property’s primary advantage is its land-to-improvement ratio. A new 2022 build on over 2000m² within walking distance of Dunkeld Consolidated School is rare for the price point. The house itself is straightforward, but the lot size offers immediate positional leverage for a buyer seeking space or future subdivision potential in a tightly held street where 95% of neighbours are owner-occupiers. It suits a downsizer wanting single-level living with room for a garden, or an investor targeting the reliable primary school catchment. The bushfire overlay is the main constraint, raising insurance costs and limiting certain extensions without additional compliance work. The 2019 purchase price and current listing suggest moderate capital growth over six years, not strong appreciation. Rental yield at roughly 4% is acceptable for regional Victoria but not exceptional. The opportunity lies in holding for land value uplift as Dunkeld remains undersupplied, or using the generous lot for a secondary dwelling if council permits. This is a hold-and-wait property, not a quick flip.