1/6 Studley Street, Mulgrave VIC 3170

Large family floorplan | boutique front position | dual living zones | renovated central bathroom The property presents a rare configuration in Mulgrave’s current market: a five-bedroom home on a single level with a separate multipurpose room, all within a boutique development’s front position. This layout suits families needing dedicated study, guest, or home-office space without sacrificing communal areas. The renovated bathroom with dual toilets and the covered rear courtyard add practical daily value, while polished floors and contemporary kitchen reduce immediate renovation spend. It serves buyers seeking a turnkey family home in a quiet street with proximity to primary and secondary schools. The primary risk is the single bathroom for a five-bedroom home, which may limit appeal to larger families and future resale breadth. The front courtyard offers limited private outdoor space compared to standalone houses, and the price guide sits below estimated market value, suggesting either vendor realism or scope for negotiation if demand is subdued. Buyers should verify off-street parking adequacy and inspect for any development noise. Hold as a long-term family residence or consider minor value-add through a second bathroom in the multipurpose room if layout permits.