442 Waterfall Gully Road, Rosebud VIC 3939

Set on a generous 1,177m² (approx) allotment in a peaceful and private setting, this rare opportunity offers boundless potential in one of Rosebud’s most sought-after pockets. Whether you’re looking to subdivide and develop (STCA), build your dream home, or simply secure a smart long-term investment—this property delivers on all fronts.

The existing home is full of charm, featuring 3 bedrooms, 1 bathroom, and an open plan kitchen, living, and dining area. Currently leased until June to a reliable long-term tenant, it provides immediate rental income while you plan your next move.

Enjoy the flexibility of a flat, accessible block with a wide frontage, ideal for those exploring development opportunities or dreaming of a coastal lifestyle build.

Highlights:

Expansive flat and private block

Character-filled 3-bedroom home with open plan living

Excellent tenant in place – great investment potential

Subdivide and build at the rear (STCA) or start fresh with your dream home

Surrounded by natural beauty, with easy access to Waterfall Gully Village, Bay Views Golf Course & Arthurs Seat walking trails

Close to local schools, beaches, cafes, and Peninsula lifestyle attractions

Opportunities like this are rare—secure your slice of the Peninsula and unlock the potential.