6 Collins Street, Ormond VIC 3204

Deep block in McKinnon zone | Cream brick renovator | 771m² development potential | Auction mid-April This property’s primary strength is its substantial 771 square metre allotment within the coveted McKinnon Secondary College zone, a combination that creates a rare and durable value proposition. The cream brick house itself functions as a holding position, offering liveable accommodation while the land’s scale and residential zoning present clear, high-end development or new-build potential subject to council approval. This configuration serves two distinct buyer profiles most effectively: families seeking long-term entry into a premier school catchment, and builders or renovators who can capitalise on the deep block to create significant equity. Proceed with the understanding that the premium for the school zone and land size is already reflected in the listed price range, which sits above the estimated market value. The key commercial risk is the contingent nature of the development potential, requiring detailed due diligence on Glen Eira planning schemes and site costs, which could erode margin. The opportunity lies in executing a well-planned renovation or a sensitive dual-occupancy subdivision to unlock the latent land value. Our judgment is to treat this as a strategic land acquisition with a temporary house; its worth is fundamentally in its dirt and location, not its existing improvements.