Live, Work & Invest - 6,131m2 - with Subdivision Permit

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23 Addison Street, Neerim South VIC 3831

$1,300,000 - $1,350,000

Search Band Search Visibility Band

$1.3M - $1.37M Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 4 Cars 6066 m² 183 m²

Listed: 4 days ago

Overview

Set on an expansive 6,066 m² land parcel in the established township of Neerim South, this custom-designed family residence combines lifestyle, functionality and significant investment potential. The property features a spacious four-bedroom, two-bathroom home with a thoughtful layout that maximises natural light and rural views, ideal for growing families seeking comfort and flexibility.

The open-plan living, dining and kitchen area offers panoramic countryside vistas, creating a serene backdrop for everyday living and entertaining. A secondary living space adds further adaptability, allowing for various family needs and activities. The master suite is notably private, including a walk-in robe, ensuite and an adjoining retreat or study, providing a dedicated workspace for those working from home.

Extending the living space outdoors, a generous covered entertaining deck invites relaxation while enjoying peaceful views. The residence integrates sustainable and comfort-enhancing features including wood heating, split-system heating and cooling, ceiling fans, solar panels, and ducted vacuum systems, all contributing to efficient and comfortable year-round living.

Supporting a lifestyle that values ample space and practicality, the property includes a substantial barn-style shed delivering workshop, storage and studio possibilities. This feature is particularly beneficial for tradespeople, hobbyists, or anyone needing substantial room for projects and equipment.

In addition to the home allotment of approximately 2,162 m², the larger vacant residential land of about 3,970 m² holds current subdivision approval for two lots, with potential to further subdivide into up to five residential lots (subject to council approval). This presents notable opportunities for investors or buyers interested in land banking, development, or securing long-term land value in a growth-oriented regional area.

Overall, 23 Addison Street offers a rare combination of a quality family home, extended living and recreational facilities, and significant future development potential, making it an attractive prospect for families, tradespeople, and investors alike.

Local Market Insights

In Neerim South, Quiet Listings observed 6 new houses entering the market over the last 30 days, up from 5 during the previous 30-day period, with an average advertised asking price of $852,333. The property type mix of listed properties is predominantly Houses at 60%, followed by land (40%). The most active agency for houses in the Neerim South area is currently OBrien Real Estate, representing 33% of new listings, followed by Elders Real Estate with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.