4 Ward Street, Marlo VIC 3888

Substantial 3022m² block | Marlo coastal township | no flood or heritage overlays | subdivided potential already demonstrated The buying case rests on the block’s size and the absence of flood or heritage constraints—rare in a coastal pocket like Marlo. A 3022m² lot within walking distance of the pub and jetty gives a buyer positional leverage that smaller subdivided lots in the same street lack. The property is best suited to someone who wants to hold a single large parcel with future subdivision optionality, or to build a permanent residence with generous outdoor space. The fact that a 756m² portion has already been separately listed suggests the council is amenable to lot creation, which adds a configurational edge not priced into the current asking. The primary risk is that the land is vacant and unimproved, so the buyer carries all holding costs without rental offset. The $365,000 listing for a portion implies the full block may trade at a discount to Domain’s $540,000 estimate if marketed as a single lot, meaning the buyer could overpay without a clear exit strategy. The opportunity is to acquire the whole parcel and sell off one subdivided lot to recover a significant portion of the purchase price, effectively reducing the cost base for the retained land. Hold for medium-term capital growth driven by Marlo’s limited coastal supply, or build a residence and hold as a lifestyle property with subdivision optionality held in reserve.