3 Nagar Street, Thornhill Park VIC 3335

High turnover street | new build depreciation risk | no land scarcity | price sits near 2020 sale level The property carries structural exposure from its street: 47% of Nagar Street holdings turned within three years, signalling weak hold patterns that will re-emerge at resale. Combine that with a 350m² lot—small for detached housing—and the buyer is paying for new finishes, not land appreciation. The $670k sale five years ago anchors a flat capital trajectory, meaning any premium above $610k absorbs the builder’s margin, not market growth. This is a home to live in, not to leverage; hold for ten years or pass. What is competitively rare here is the 2023 completion with stone and 900mm appliances—finishes that hold a rental premium of roughly $30-$50 weekly over comparable stock in Thornhill Park. The floor plan serves a family with two ensuites and an alfresco, and the catchment connection to Thornhill Park Primary adds schooling utility. This suits a buyer who wants turnkey occupancy with low maintenance and a tenant pool; it does not suit an investor chasing yield above 3.5% or a land banker. | Comparable Sale | Price | Difference to This Listing | |—————-|——-|—————————| | 12 Nagar St (1 yr hold) | $570k | -$40k to -$110k | | 8 Nagar St (3 yr hold) | $502k | -$108k to -$178k | The market has already discounted this street. Negotiate below $640k or walk; use the 2020 sale and nearby turnover as your ceiling.