8 Thirlmere Court, Berwick VIC 3806

Large 848sqm block | approved townhouse plans | 1980s single-level home | Berwick family pocket The property offers a rare combination of a substantial 848sqm land holding with approved plans for two townhouses, making it one of the more compelling options for buyers seeking both immediate occupancy and future redevelopment potential in Berwick. The single-level 1980s home, while modest with one bathroom, sits on a site that commands a premium for its development-ready status, serving owner-occupiers who want to live in the existing house while planning a future project, or investors looking to unlock land value. The location within a established residential zone with no major overlay flags and proximity to Berwick Lodge Primary School strengthens its appeal for family-oriented buyers who value school catchment certainty. The primary risk is the single bathroom configuration, which may limit appeal for families seeking immediate move-in convenience without renovation, and the 2022 purchase price of $810,000 suggests the approved plans may already be priced into the current valuation range. Buyers should verify the planning permit validity and any conditions, as well as confirm the true usable land area given the 31% building coverage. The opportunity lies in the dual-income potential from the existing rental yield of approximately $560 per week while progressing the townhouse development, or in securing a property with embedded upside that comparable vacant lots in the area cannot offer.