5 Wombalana Road, Selby VIC 3159

Renovated 3b2b | Half-acre hills block | 6-car capacity | Prime school zone This property presents a rare suburban holding, combining a modernised residence with substantial, usable land in a tightly held locale. Its half-acre parcel with minimal building coverage offers a premium scarcity, catering specifically to upsizers seeking space or investors targeting long-term land banking. The direct zoning to Selby Primary and proximity to Upwey High solidify its family appeal, while the estimated rental range signals strong tenant demand for quality homes on large blocks. The primary decision point is the bushfire overlay, which imposes construction costs and may limit future borrowing. However, the 7% site coverage presents a clear commercial opportunity for a secondary dwelling, subject to council approval, to significantly boost yield. For a buyer, this is a hold proposition: occupy to secure the land bank and lifestyle, or invest to capitalise on the rental premium and strategic subdivision potential in a rising market.