A Rare 2103 sqm Opportunity: Renovate, Rebuild or Reimagine

For Sale

125 Rail Street, Heathcote Junction, VIC, 3758

A Rare 2103 sqm Opportunity: Renovate, Rebuild or Reimagine

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Published on Thursday, April 02, 2026 ( See property details for 125 Rail Street, Heathcote Junction, VIC, 3758)

$550,000 - $605,000

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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 versatile 2,103 sqm property featuring a historic cottage and a leased unit, offering renovation, development, or dual income opportunities in a sought-after location.

🏡 Property Highlights

Prime 2,103 sqm block with extensive development potential
Charming early-1900s cottage with original features and character
Separate leased two-bedroom unit providing immediate income
Excellent location just 2 minutes walk to train station and close to amenities
Includes solar panels and a substantial 5m x 7m shed
Opportunity for renovation, rebuilding, or dual occupancy

✨ Key Features

Open-Plan Living
Outdoor Area
Built-in Robes
Garage
Waterfront / Views
Shed
Home Office / Study
Solar Panels
Ensuite
Open-Plan Living

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125 Rail Street

Heathcote Junction, VIC 3758

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Suburb and Property Insights of Heathcote Junction, VIC 3758

Heathcote Junction offers a peaceful semi-rural lifestyle with excellent transport links, proximity to schools and shopping, and a strong community atmosphere. The area features established gardens, open spaces, and convenient access to Melbourne CBD via train. It is ideal for families, investors, and those seeking a versatile property with future growth potential.

Frequently Asked Questions

What are the options for renovating or rebuilding the existing cottage?

The cottage requires restumping and has visible termite damage, offering the opportunity for a full renovation or demolition to build a new residence (STCA).

Is the leased unit suitable for immediate rental income?

Yes, the two-bedroom unit is currently leased at $250 per week until August 2026, providing an immediate income stream.

What development opportunities does the large block offer?

The 2,103 sqm parcel allows for renovation, rebuilding, or potential dual occupancy, subject to council approval.

Are there solar panels installed on the property?

Yes, solar panels are already in place, contributing to energy efficiency.

What are the key features of the property’s location?

Located just a 2-minute walk to the train station and 5 minutes to local schools and shopping, offering excellent convenience and connectivity.

What to ask about this property to agent?

Are there any hidden costs associated with restumping or repairs needed for the cottage? Has the property been assessed for flood or bushfire risks? Are there any zoning restrictions or easements affecting development plans? Is there any history of structural issues beyond termite damage? Are there any upcoming planning or construction projects nearby that could impact the property? What are the strata or council requirements for building or renovating on this large parcel? Are there any noise or neighbour-related concerns in the area? Is the property compliant with all local building and safety regulations? Are there any additional costs for connecting or upgrading utilities? What are the terms of the current lease on the rear unit, and are there any restrictions on future use?

125 Rail Street, Heathcote Junction, VIC, 3758 - More Details

A Rare 2103 sqm Opportunity: Renovate, Rebuild or Reimagine

Type: House
Bedrooms: 2
Bathrooms: 2
Parkings: 2

125 Rail Street, Heathcote Junction, VIC, 3758 - Point Of Interest

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Your Commute at a Glance: 125 Rail Street, Heathcote Junction, VIC, 3758

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125 Rail Street, Heathcote Junction, VIC, 3758

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