9 Old Waratah Road, Fish Creek VIC 3959

9 Old Waratah Road | Fish Creek | 1780sqm land | 3-bed house | bushfire overlay area The property’s strongest buying case lies in its land size of 1780 square metres, which is rare for a three-bedroom house in Fish Creek and positions it competitively against smaller neighbouring lots. This configuration serves buyers seeking space for outdoor living, potential subdivision, or a buffer from neighbours, with the house itself providing a functional base for immediate occupancy. The location on a road with recent sales at $618,500 for a smaller block suggests the land carries intrinsic value that may outpace the dwelling’s condition. The primary risk is the bushfire overlay, which imposes higher insurance costs and stricter building requirements for any future renovations or extensions. The asking price of $730,000 sits above the estimated value of $487,000, indicating a premium for the land that may not be justified if the house requires significant upgrades. Opportunities include leveraging the large lot for a future dwelling or capitalising on Fish Creek’s growing demand for rural-residential properties. Hold this property for land appreciation or use it as a family home with room to expand.