Large acreage with dual residences | natural bushland privacy | flexible improvements | semi-rural Livingstone
This property presents a rare configuration for the area, combining an established main house with separate additional improvements on a substantial, low-risk parcel. Its strength lies in this versatility, serving a buyer seeking multi-generational living, income potential from a secondary dwelling, or a private retreat with space for varied uses. The lot size is typical for Livingstone, but the dual-improvement setup is a distinct advantage, positioning it for a niche yet valuable demand profile.
The primary decision point is the capital allocation required to leverage or modernize the secondary structures, which may not be reflected in a price aligned with a standard acreage house. The commercial logic is to acquire the land and flexibility at a base rate, then actively develop the ancillary space to create immediate utility or income. This is a hold-and-enhance proposition, not a passive investment; its value accrues through active utilization of its full configuration.
Comparable sales indicate a stable market for large lots:
– 90 Scrutton Road (8ha, house): ~$643,000
– 90 Bradley Road (12.14ha, 4-bed house): ~$882,000
– 90 Kentish Road (farm): sold for $500,000
This places the subject property’s likely value band between the lower-yield farm and the larger, modern residence, with its dual-living potential justifying a premium toward the upper end of that range.