441 Stony Point Road, Bittern VIC 3918

Large 2,023sqm block | Mornington Peninsula location | 3-bedroom house with pool | bushfire overlay present The property’s primary buying case rests on its generous 2,023m² lot, which is uncommon in Bittern and provides significant scope for future subdivision or expansion, subject to council approval. The 573m² building footprint and 14 car spaces suggest a layout that could accommodate a dual-occupancy or extended family arrangement, making it well-suited to buyers seeking land banking or multi-generational living. Solar panels and a swimming pool add practical value, while the 87% owner-occupier rate in the area signals stable demand and limited rental turnover, reinforcing the property’s long-term residential appeal. The bushfire overlay is a material risk, likely increasing insurance premiums and imposing stricter building standards for any future development—this should be factored into the buyer’s cost base. No flood or heritage overlays reduce regulatory complexity, and the reliable NBN and 5G coverage supports remote work viability. The rental yield, at $690 per week, is modest relative to the asking price, so the property is best held as a primary residence or a land-hold play rather than a pure income investment. Hold for land appreciation or develop when zoning permits.