66 Devon Drive, Doncaster East VIC 3109

3 bed | 2 bath | 754 m² corner block | dual school zone | development approved This property is competitively strong as a larger-than-average corner landholding in a tightly held family pocket, with approved plans for two luxury homes that signal rare redevelopment flexibility. Its dual street frontage and absence of overlay constraints make it a distinctive offering among older housing stock in Doncaster East. The house itself serves best a buyer seeking either a renovator-occupier opportunity in a strong school catchment or a developer ready to execute on pre-approved plans, as the original 1970s condition positions it for value-add rather than immediate turnkey living. The value may be materially influenced by the approved development potential, which could justify a premium over a standard family home on a similar block. The dated interior and original kitchen mean the current house offers limited immediate amenity, so a buyer should weigh renovation costs against the property’s land value and the flexibility of the dual-frontage site. The modest rental yield near 2.5% suggests that price is more driven by capital growth expectations and school-zone demand than by income return, which may affect how an investor views the entry point.