850 Wy Yung-Calulu Road Calulu VIC 3875

| 2.01 acres, bushfire overlay | 3-bed, 2-living layout | 462m² building footprint | strong owner-occupier demand | This property occupies a rare position in the Calulu market: a large, low-coverage lot (6% building footprint) with a substantial house, effectively offering a rural holding with minimal maintenance. The 2.01 acres and dual living areas suit a buyer seeking space without the full commitment of a farm, and the 94% owner-occupier profile in the street signals stable, long-term demand. The bushfire overlay is the primary constraint; it raises insurance costs and may limit some buyers, but for a buyer already comfortable with East Gippsland conditions, it is a manageable risk that can be used to negotiate. The recent June 2024 sale at $730,000 provides a clear, recent benchmark, and the current guide of $695,000–$760,000 suggests the seller is testing the market without a strong upward bias. The bushfire overlay is not a value destroyer here—it is a known condition in the area—but it does narrow the buyer pool, which works in a buyer’s favour. The fixed wireless internet is adequate but not a premium feature. The absence of flood or heritage overlays simplifies due diligence. For a buyer intending to occupy, this property offers a defensible entry point into a low-turnover suburb; for an investor, the rental estimate of $525 per week against a $710,000 purchase yields a gross return of ~3.8%, which is acceptable for the region but not exceptional. Hold this property for lifestyle and long-term land value, not for rapid capital growth.