72 Inverness Avenue, The Basin VIC 3154

Elevated position with bushland views | 997m² block in a growth corridor | Zoned for strong schools | Bushfire overlay present | 17% building footprint leaves expansion room This property offers a rare combination of a large, elevated block in a high-growth suburb with a modest building footprint, giving a buyer significant optionality. The 17% site coverage and 997m² lot mean the house can be extended or a secondary dwelling considered, subject to council approval. The location near national park and good school zoning, combined with The Basin’s 26% five-year median growth, positions this as a long-term hold for a family or investor seeking capital appreciation. The single-storey layout and sealed driveway reduce immediate maintenance, while the sunny deck and views add lifestyle appeal that supports strong rental demand in the $540–$670 per week range. The bushfire overlay is the primary risk, increasing insurance costs and potentially limiting some buyers, but it does not preclude development or financing. The property has no flood or heritage constraints, and the elevated position reduces fire exposure relative to lower-lying lots. The recent comparable sale at $860,000 for a similar block confirms market support near the upper estimate. A buyer should secure at the lower end of the value range to build in a margin for overlay-related costs, then hold for at least five years to capture suburb-level growth, with the option to subdivide or extend as the area densifies.