18 Piccadilly Court, Greenvale VIC 3059

Private backyard garden overlooks council easement potential risk | four-bedroom single-level on 771m² block with workshop pit not suited to every buyer | auction guide may underprice due to parcel shape constraints The property’s 771m² land parcel carries a building coverage of 51 percent and includes a workshop with a mechanic’s pit and rear roller door, which narrows the buyer pool to those who want or tolerate a utility-heavy backyard. The private garden abuts council easements, meaning future boundary adjustments or access constraints could affect resale liquidity. You are paying a premium for interior finishes – stone benchtops, double dishwasher, hardwood floors – that do not directly lift land value. If holding for the medium term, the rental yield of 3.8 percent and suburb growth of 3.5 percent support a buy-and-hold strategy, but the house’s layout suits an owner-occupier more than a passive investor. The auction guide sits below the suburb median for a four-bedroom house, yet the property’s unique garage and workshop configuration may limit bidding depth. What is rare here is the single-level footprint on a block over 770m² within walking distance of Greenvale’s retail and transport nodes, including the Tullamarine Freeway and bus routes. The floor plan offers three main bedrooms plus a separate study or fourth bedroom, giving functional separation uncommon in this price bracket. The enormous alfresco entertaining area and private garden serve families who prioritise outdoor living without the maintenance of a two-storey home. This property best suits a professional couple or young family seeking a long-term residence where they can add value through landscaping or minor interior upgrades, not through subdivision. Given the auction guide sits below recent suburb median comparables for this house type, your next step is to secure a building and pest inspection specifically on the workshop pit and garden easement boundary, then review the vendor’s disclosure of any easement-related restrictions before bidding.