40 Fugosia Street, Doveton VIC 3177

3-bed house on 688m² lot | Prime redevelopment corridor | No overlays | Solar panels | High rental yield This property presents a rare, high-utility opportunity defined by its substantial 688-square-metre lot in a high-demand corridor, free of bushfire or flood constraints. The combination of an existing rental house providing immediate income and the latent development potential creates a dual-purpose holding for an investor-builder. It serves best as a strategic land bank with current cash flow, positioned for future intensification given its proximity to major transport and amenities. The primary risk is the valuation gap, where the asking price reflects future potential more than the existing dwelling’s condition, which lacks detailed disclosure. Capitalise on this by securing the property at or below the lower guide, using the proven rental demand to service debt while planning for subdivision or rebuild. Acquire this as a long-term hold to exploit its rezoning potential or as a development site with interim income. Recent comparable sales nearby: – 38 Fugosia Street: Listed at $740,000 – $820,000. This single comparable listing, significantly higher than the subject’s price guide, suggests the street is attracting aspirational pricing. It does not yet demonstrate achieved value, advising caution in using it as a direct benchmark without confirmed sale results.