Offering an increasingly rare combination of land, lifestyle and development potential, this substantial 2.2-acre holding presents an opportunity unlike any in Leopold. The tastefully improved five-bedroom, three-bathroom residence is surrounded by established gardens and has an approved 10-lot subdivision providing a significant head start for those looking to unlock the property's future potential.

The existing home is substantial in its own right, with two living areas, dining, a generous kitchen with large walk-in pantry and flexible accommodation across five bedrooms. Two bedrooms feature their own ensuites,with built in robes complemented by a central family bathroom with bathtub, while the fifth bedroom adjoins an expansive additional living area and former laundry, creating excellent potential for guest or extended family accommodation, or a separate short-stay space capable of providing supplementary rental income. A wraparound verandah provides shade through summer, while a Neo 2.5 wood heater creates warmth through the cooler months. Outside, the home's northern orientation draws beautiful natural light across the established gardens, where mature trees, a gazebo and water feature create a private setting to relax and entertain in. An oversized garage with capacity for up to four vehicles, large carport and additional shedding complete the property's exceptional practicality.

Key Features

Approx. 2.2 acre / 8,861m² landholding

Approved and stamped 10-lot subdivision

Existing residence retained on proposed Lot 3 of approx. 2,171m²

Nine additional proposed lots ranging from approx. 480m² to 682m²

Five-bedroom, three-bathroom renovated brick residence

Two bedrooms with private ensuites plus central family bathroom

Two main living areas plus additional living space adjoining the fifth bedroom

Flexible additional accommodation with potential for guest use, extended family, short-stay accommodation or supplementary rental income

Generous kitchen with large walk-in pantry

North-facing orientation maximising natural light

Wraparound verandah providing shade and outdoor living

Neo 2.5 wood-burning heater

Oversized garage with capacity for up to four vehicles

Large carport plus additional shedding

Established treed gardens with gazebo and water feature

Directly adjoining the Bellarine Rail Trail

Approx. 900 metres to Gateway Plaza

Flexible opportunity to occupy, rent or retain the existing home while progressing the approved subdivision

A Lifestyle Location

Positioned close to the heart of Leopold, the property combines the scale and privacy of an acreage holding with everyday convenience rarely available on a site of this size. Gateway Plaza is approximately 900 metres away, the Bellarine Rail Trail runs directly alongside the property, and schools, sporting facilities and essential services are all within easy reach. Geelong, Ocean Grove and the wider Bellarine Peninsula are readily accessible, placing future residents within a growing and increasingly connected part of the region.

For developers, builders and investors, the approved 10-lot subdivision creates multiple pathways to consider — develop the project in its entirety, retain the existing residence while developing the surrounding land, or explore a staged approach to the site. With the existing residence retained on proposed Lot 3 of approximately 1,200m², there may also be potential to further develop this allotment with additional dwellings or units (STCA), adding another dimension to an already compelling opportunity. For an owner-occupier, the property provides the chance to enjoy a substantial family home and 2.2 acres today, with an approved development opportunity already in place for the future and potential to generate supplementary income from the home's flexible accommodation.

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Disclaimer: Whilst every effort has been made to ensure the accuracy of the information and marketing material provided, the details are supplied in good faith and are intended as a general guide only. Some photographs may have been digitally enhanced or altered for marketing purposes, including adjustments to lighting, colour, landscaping, virtual styling or other presentation elements. Purchasers should rely on their own enquiries and inspections to satisfy themselves as to the property's condition, features, planning approvals, development potential and suitability, and are encouraged to refer to the Section 32 (Vendor Statement), endorsed plans and relevant planning documentation and obtain independent legal, financial and planning advice where appropriate.