7 Myrtle Avenue, Newcomb VIC 3219

3-bed brick home | 673sqm block | near East Geelong fringe | development potential flagged This property presents a rare combination of a solid, well-maintained brick home on a generous 673sqm block in a tree-lined pocket of Newcomb, near the East Geelong fringe. The size and shape of the land, free from bushfire or heritage overlays, is the primary competitive edge here—offering a buyer optionality for future subdivision or a dual-occupancy play, subject to council approval. For an owner-occupier, the existing three-bedroom layout with split-system heating and cooling, solar panels, and fibre NBN is immediately liveable, meaning no urgent capital outlay. The property is best suited to a buyer who wants to occupy now while holding for medium-term land value uplift, or an investor seeking stable rental income around $480 per week with a renovation upside. The main risk is that the single bathroom and toilet layout may limit appeal to families, and the price guide in the high $600k range reflects a premium for the land rather than the house itself. Renovation costs to add a second bathroom could run $30k to $50k, which should be factored into any offer strategy. The development potential is contingent on council approval, so a buyer should engage a town planner early to confirm yield. For a buyer prepared to hold for three to five years, this property offers a straightforward path: live in it, improve it incrementally, and let the land do the heavy lifting.