54 Redstone Hill Road, Sunbury VIC 3429

Large rural-residential acreage in suburban Sunbury | 4-bed family home on 8 hectares | Bushfire overlay present | Zoned for established local schools This property presents a rare suburban holding with a functional family home on eight hectares, positioning it between standard residential stock and true rural lifestyle offerings. Its scale creates immediate scarcity value, serving buyers seeking space without full agricultural commitment, while the established house ensures livability. The zoning for local schools and 5G coverage supports practical family needs, though the vast land size dictates a specific buyer profile comfortable with acreage maintenance. The bushfire overlay introduces insurance complexity and potential mitigation costs that directly impact holding expenses. This risk is offset by the land’s latent subdivision potential, given the street’s history of lot creation, suggesting future optionality beyond personal use. Acquire this as a long-term family holding with strategic land banking benefits, not a short-turn investment, and budget for specialized insurance and land management from the outset. The agent’s Statement of Information references three comparable sales within 2km over the past six months. While specific addresses and prices are not detailed in the provided summary, the selection of these comparables by the vendor’s agent is intended to justify the listed price guide. Prospective buyers should independently verify these sales to assess if the $679,000 – $719,000 asking range reflects true market value for a house of this size on such an atypically large parcel of land.