66 Lorimer Drive, Eastwood VIC 3875

Lorimer Drive Eastwood | 3-bedroom house on 897m² | 260m² building | strong land-to-building ratio | mature suburb with low turnover The property’s primary buying case rests on its land size and building footprint, which are both significantly above the Eastwood median. The 897m² lot with a 260m² building area offers a rare configuration for a buyer seeking space without needing immediate renovation. The 3-bedroom, 2-bathroom layout with double garage suits a downsizer or a family looking for single-level living in a suburb where 84% of residents are homeowners and 59% are over 60, indicating low turnover and stable demand. The proximity to Lucknow Primary School and Bairnsdale Secondary College adds practical utility for families, though the suburb’s demographic tilt means future resale may rely on similar buyer profiles rather than first-home buyers. The primary risk is the suburb’s weak auction clearance rate of 0% and a median house price of $540,000, which sits well below the property’s estimated value range of $630,000–$830,000. This suggests a pricing disconnect that could lengthen time on market. The lack of recent comparable sales data beyond one withheld transaction on the same street further complicates valuation confidence. For a buyer, the opportunity lies in negotiating from the current agent price guide of $800,000 toward the lower end of the estimated range, particularly given the property has been on market for only five days. Hold this property as a long-term family home or a downsizer retreat, not as a short-term flip.