1/16 Curie Avenue, Oak Park VIC 3046

Single-level villa in Oak Park | 350sqm block, no overlays | 3-bedroom, 1-bathroom layout | School catchment for Oak Park Primary and Pascoe Vale Girls College. This property offers a rare combination of a standalone villa on a 350sqm lot with no heritage, flood, or bushfire overlays, which gives a buyer considerable optionality. The single-level 1960s build at 105sqm is compact but functional, and its position within the Oak Park Primary and Pascoe Vale Girls College catchments adds stable family demand. For a buyer seeking a foothold in a suburb where the median house price sits at $900,000, this property is priced to reflect the need for renovation or updating, not structural compromise. It suits first-home buyers, downsizers, or investors looking for a solid entry point with good rental yield potential near $585 per week. The key risk is the property’s age and the likelihood of deferred maintenance, particularly in the bathroom and kitchen, which will require capital outlay. The 1-bathroom configuration limits appeal to families and may cap future resale competition. However, the 350sqm lot with no overlay constraints creates an opportunity for future extension or redevelopment, though zoning should be verified. The 2016 last sale date suggests limited recent turnover, so comparable evidence is thin. Hold this property as a long-term land play in a suburb with strong demographic fundamentals, or renovate selectively to unlock equity without overcapitalising.