84-88 Wattletree RoadBunyip VIC 3815
Property Details for 84-88 Wattletree Rd, Bunyip
84-88 Wattletree Rd, Bunyip is a 5 bedroom, 2 bathroom House with 6 parking spaces and was built in 1977. The property has a land size of 19749m2 and floor size of 285m2. While the property is not currently for sale or for rent, it was last transferred in October 2005.
Last Listing description (April 2026)
Goldbank Real Estate is proud to present this approved subdivision opportunity at 8488 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.
Property History for 84-88 Wattletree Rd, Bunyip, VIC 3815
- 19 Aug 2025Listed for Sale $1,900,000 - $2,090,000
- 05 Dec 2017Listed for Rent - Price not available
- 16 Mar 2017Listed for Sale $1,320,000 - $1,400,000
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About Bunyip 3815
The size of Bunyip is approximately 24.2 square kilometres. The population of Bunyip in 2016 was 2468 people. By 2021 the population was 3131 showing a population growth of 26.9% in the area during that time. The predominant age group in Bunyip is 10-19 years. Households in Bunyip are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Bunyip work in a trades occupation.In 2021, 85.10% of the homes in Bunyip were owner-occupied compared with 82.60% in 2016.
Bunyip has 1,641 properties. Over the last 5 years, Houses in Bunyip have seen a 27.16% increase in median value, while Units have seen a 23.28% increase. As at 31 March 2026:
- The median value for Houses in Bunyip is $902,343 while the median value for Units is $543,926.
- Houses have a median rent of $615 while Units have a median rent of $435.
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