8 Ivan Avenue, Edithvale VIC 3196

Deep block with subdivision potential | Family-ready interior | No overlay restrictions | Strong school catchment This property is positioned as a rare combination of immediate family appeal and future development optionality. The deep 802–803 m² allotment in a suburb with limited large land supply gives a buyer a competitive edge, particularly with no bushfire, flood, or heritage overlays reported. The single-level layout, hardwood floors, stone surfaces, and covered alfresco deck make it ready for occupation without immediate renovation, while the main bedroom with ensuite and walk-in robe adds owner-occupier comfort. It serves best a buyer seeking a long-term family home with the potential to subdivide later, subject to council approval, rather than a pure developer play. The primary risk is the feasibility of subdivision, which depends on exact frontage, site layout, and Kingston Council’s planning stance — no guarantee is given. The asking price sits below some valuation estimates around mid-$1.4 million, which may indicate a motivated seller or reflect uncertainty around development potential. Rental income around $865–$1,025 per week supports holding if needed, but the yield is modest for an investor. The opportunity is to secure a large block in a good school zone at a price that may not fully price in the subdivision upside, giving a buyer room to add value through planning approval.