40 Boisdale Street, Surrey Hills VIC 3127

Large land parcel | flood overlay noted | school catchment | off market holding The principal buying case for this property rests on its exceptional land size of 1,248 square metres, which is substantially larger than neighbouring parcels on Boisdale Street. In a tightly held suburb like Surrey Hills, such a holding is rare and positions a buyer with significant optionality, whether for future redevelopment, extension, or simply holding a private estate within a sought-after school catchment. The property serves best a buyer who values land banking over immediate dwelling perfection, or who intends to renovate or rebuild in a location where comparable land parcels seldom trade. The flood overlay is the primary risk and should be investigated thoroughly, as it may constrain building envelope, increase insurance costs, and limit certain types of redevelopment. However, the absence of bushfire or heritage overlays simplifies approvals relative to many inner-east properties. The existing dwelling condition is not fully known, but the value is clearly in the land; a buyer should budget for either significant renovation or demolition. The rental estimate of $975 per week offers a modest holding yield while plans are developed. This property is best acquired as a long-term land position within a premium corridor, not as a turnkey home.