6 Havenstock Drive, Yarrawonga VIC 3730

Bushfire and flood overlays | 2.69 acres Yarrawonga | renovation upside | site constraints drive buyer caution The bushfire and flood overlays on this parcel are not theoretical risks they impose real costs. You will pay more for insurance and may face stricter building requirements that limit how you can extend or renovate the single-storey house. The 126sqm building sits on less than one percent of the land which means you are buying space and privacy but also paying to maintain a large block without immediate development potential. The property works best as a long-hold landbank or a lifestyle purchase for someone who values acreage over turn-key condition. It is a speculative buy not a passive one. What makes this rare for Yarrawonga is the 1.09 hectare parcel within walking distance of Lake Mulwala shops and schools. Most lots in this price range are standard residential blocks so the house gives you both land buffer and urban convenience. The deck shed and two living areas are practical for a family or a renovator but the overlays and the lack of recent sales history mean you lack benchmark data to negotiate from. This property serves a buyer who understands site risk and wants future optionality rather than immediate rental yield. If the bushfire and flood constraints are acceptable then the land position is the competitive edge you cannot replicate nearby. Book a site inspection with a building surveyor before you offer.