5 Wolseley Cres, Blackburn VIC 3130

Heritage overlay | 1,106 sqm north-facing block | Blackburn Park estate provenance | tightly held crescent | Box Hill High catchment The property’s competitive strength lies in its rare combination of a heritage-graded Hawthorn brick house on a full north-facing 1,106 sqm lot in a tightly held crescent within walking distance of Blackburn Station, village, and lake. For a buyer seeking a long-term family estate or a prestige renovation project, this configuration is scarce in the current market. The heritage status adds character and protects the streetscape, while the large block and northerly rear aspect offer genuine extension or redevelopment optionality. This property best suits a buyer who values location, land, and period fabric over turnkey finish. The heritage overlay is the primary risk, as it may restrict external alterations and require council approval for any significant changes, adding time and cost. The single bathroom and dated interior mean the house is not move-in ready for most families. However, the commercial logic is clear: land at this size in this pocket with this orientation is rarely available, and the price guide reflects the land value more than the building. Hold for capital growth through a considered restoration or extension, or develop subject to heritage approval. Use the property as a long-term family base or a land bank in a premium suburb.