68 Reid Parade, Hastings VIC 3915

Large block with subdivision potential | Bushfire overlay risk | Strong fibre & 5G connectivity | Zoned for local schools This property presents a competitively strong land position on a 697m² lot in a low-density setting, with a building footprint well below typical coverage limits. The scale of the block offers clear subdivision or extension potential for a buyer seeking a long-term hold, serving an owner-occupier wanting space or an investor eyeing future development. Its reliable connectivity and school zoning provide immediate utility and broad tenant appeal, positioning it as a practical, low-maintenance holding. The primary decision factor is the bushfire overlay, which imposes specific construction costs and potential insurance premiums that directly erode yield and capital growth. Offsetting this, the recent comparable sale on a smaller lot supports the estimated valuation, indicating established demand for this housing format in the street. Acquire this property for its land bank utility, but execute immediate due diligence on overlay compliance costs to validate the investment thesis. A comparable sale at 22 Reid Parade, a 3-bedroom house on 587m², recently sold for $650,000. This sale, on a smaller block, substantiates the current market valuation range for this specific property and confirms buyer demand for this housing type in the immediate locale.