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84-88 Wattletree Road, Bunyip, Vic 3815-Image

84-88 Wattletree Road, Bunyip, Vic 3815

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Acreage

Type

Bedrooms

Bathrooms

Parkings

Published on Wednesday, April 22, 2026 ( See property details for 84-88 Wattletree Road, Bunyip, Vic 3815)

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Mohabbat Gill - Real Estate Agent - Goldbank Real Estate Group

Mohabbat Gill Transaction & Negotiation Officer

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Varun Arora - Real Estate Agent - Goldbank Real Estate Group

Varun Arora Transaction & Negotiation Officer

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AI Property Insight

AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare acreage property with approved subdivision, holding income, and development potential in Bunyip's growing corridor.

🏡 Property Highlights

Approved 4-lot subdivision offering multiple development options
Approximately 5 acres of land within Low Density Residential Zone
Current holding income of approximately $4,100 per month
Strategic location close to Bunyip township and amenities
Existing well-maintained five-bedroom residence
Strong potential for capital growth and value creation

✨ Key Features

Open-Plan Living
Built-in Robes
Home Office / Study
Outdoor Area
Waterfront / Views
Garage / Secure Parking
Ensuite
Pet-Friendly
Security Screens / Gates
Extra Storage (Shed/Linen)

Suburb and Property Insights of Bunyip, VIC 3815

Bunyip is a thriving rural township within the Cardinia Shire, offering a peaceful lifestyle with convenient access to Melbourne via V/Line services. The area boasts a strong community feel, expanding amenities, and significant growth potential. Its scenic surroundings and strategic location make it ideal for lifestyle living and future development. The local infrastructure supports both residents and investors seeking long-term value. Bunyip’s proximity to natural reserves and regional parks enhances its appeal for outdoor enthusiasts.

Frequently Asked Questions

What are the development options available with this approved subdivision?

The approved subdivision allows for development of two 1-acre allotments, one 4,105 sqm allotment, and one 1.7-acre allotment with an existing residence, providing flexibility for sale, staging, or land banking.

What is the current rental income, and is the property suitable for holding income?

The property currently generates approximately $4,100 per month, making it a strong holding income while planning for future development.

Are there any restrictions or conditions related to the subdivision approval?

The subdivision has received formal approval; however, interested buyers should review the specific conditions and consult with local council for compliance details.

What are the key amenities and transport options nearby?

The property is located moments from Bunyip township, with access to local amenities and V/Line services providing direct routes to Melbourne CBD.

Is the existing residence suitable for rental or interim use?

Yes, the well-maintained five-bedroom residence supports ongoing rental demand or interim occupancy during development phases.

What to ask about this property to agent?

Are there any hidden costs or additional fees associated with the subdivision approval or development process? Has the property been surveyed recently, and are there any easements or zoning restrictions that could impact development? Are there any known issues with the existing residence, such as structural defects or compliance concerns? What are the flood or bushfire risks in the area, and have appropriate assessments been conducted? Are there any nearby construction or planning activities that could affect the property's value or livability? Is the property part of a strata or community title scheme, and what are the associated fees or regulations? Are there any restrictions on land use or future development imposed by local council or planning authorities? What are the ongoing maintenance costs for the property and land, including fencing, drainage, or other infrastructure? Has the property been tested for environmental hazards or contamination? Are there any easements, covenants, or rights of way that could limit future use or subdivision?

84-88 Wattletree Road, Bunyip, Vic 3815 - More Details

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Goldbank Real Estate is proud to present this approved subdivision opportunity at 84–88 Wattletree Road, Bunyip, offering a rare opportunity to secure a high-quality landholding combining immediate cash flow with a clear, approved pathway for value creation.

Positioned on approximately 5 acres within the Low Density Residential Zone – Schedule 2 (LDRZ2) under Cardinia Shire Council, the property delivers a balanced investment profile suited to developers, land bankers, and strategic investors.

Currently returning approximately $4,100 per month, the asset provides strong holding income, allowing flexibility in timing and execution.

The approved 4-lot subdivision significantly enhances the site's appeal, comprising:

- Two (2) x 1-acre allotments
- One (1) x 4,105 sqm allotment
- One (1) x 1.7-acre (approx. 6,757 sqm) allotment with existing residence

This approval unlocks multiple exit strategies develop and sell, stage the project, retain and release land, or land bank with income while capital values strengthen.

A well-maintained five-bedroom residence anchors the property, supporting ongoing rental demand or interim use during development.

Located moments from Bunyip township, key amenities, and V/Line services providing direct access to Melbourne CBD, the property benefits from strong underlying demand for lifestyle allotments within a growing corridor.

Opportunities offering approved subdivision, holding income, and scalable upside are increasingly limited making this a strategic acquisition with both immediate and long-term appeal.

Contact Mohabbat Gill on 0478 003 395 or Varun Arora on 0452 545 592 for further discussion.

Note: Due Diligence Checklist: http://www.consumer.vic.gov.au/duediligencechecklist

Disclaimer: Photos, measurements, and floor plans are provided for general reference only. While every effort has been made to ensure accuracy, variations may exist, and interested parties should rely on their own inspections, surveys, and legal advice. All dimensions are approximate, information is provided for general guidance only, and does not represent a vendor or agent's offer.

Type: Acreage
Bedrooms: 5
Bathrooms: 2
Parkings: 4

Price guide

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84-88 Wattletree Road, Bunyip, Vic 3815

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