60 Blamey Street, Bentleigh East VIC 3165

Large 734sqm lot | 21% site coverage | single-storey layout | Bentleigh East residential zone | East Bentleigh Primary zone The property’s primary buying case lies in its low site coverage on a 734sqm lot, a configuration that signals redevelopment optionality in a tightly held residential zone. With no heritage, flood, or bushfire overlays, the buyer acquires a clean canvas for future subdivision or a dual-occupancy project, while the existing single-storey house offers immediate rental income of around $690 per week. This suits an investor or developer seeking land banking with cash flow, particularly given the school zoning and reliable NBN and 5G coverage that support tenant demand. The key risk is the property’s older, single-bathroom layout, which limits current owner-occupier appeal and may require renovation to achieve top market rent. The 5-metre roof height and 49-metre elevation are neutral but do not add premium value. The buyer should budget for a bathroom addition or full refurbishment within three to five years to unlock the lot’s full potential. Hold for medium-term capital growth driven by land scarcity, or develop when zoning permits higher density.