9 Treacy Street, Gunbower VIC 3566

Creekside retreat | Water share included | Bushfire overlay | Opposite primary school The property’s competitive strength lies in its rare combination of direct Gunbower Creek access and a 1-meg High Reliability Water Share, features that are difficult to replicate in this market and add tangible rural flexibility. The house itself is functional rather than premium, with three bedrooms, updated flooring and paint, wood heating, and ducted air conditioning. For a buyer seeking a relaxed lifestyle property with genuine water entitlement, or a smallholding with school proximity, this offers positional advantage that standard residential stock cannot match. The large 1214m² lot and concrete shed further support hobby farming or storage use. The bushfire overlay is the principal risk, increasing insurance costs and imposing vegetation management obligations that a buyer must budget for. The property also sits well above recent valuation estimates of $320,000–$408,000, meaning the asking price reflects the water share and creek frontage premium rather than the dwelling’s condition. This creates a narrow buyer pool: those who value the water entitlement and location over the house itself. A professional inspection and fire risk assessment are essential before proceeding. For the right buyer, this is a hold-and-enjoy proposition, not a short-term flip.