364 Parnall Street Lavington NSW 2641

3-bedroom house on 916sqm lot | Lavington growth corridor | 2019 purchase at $269k | strong land-to-building ratio The property offers a rare land-to-building ratio in a market where subdivision potential is increasingly valued. At 916sqm with a 124sqm floorplate, the house sits on a site that could accommodate future reconfiguration or a secondary dwelling, giving a buyer optionality that most nearby listings lack. The 2019 purchase price of $269k anchors a cost base that makes the current asking range defensible, and the absence of bushfire, flood, or heritage constraints removes the usual friction for development or renovation. This property suits a buyer who wants a functional three-bedroom house now with a medium-term land play—likely an owner-occupier with capital to hold, or a small-scale investor targeting yield plus land banking. The primary risk is that the house itself is modest and likely unrenovated since 2019, meaning any value uplift depends on land rather than dwelling condition. Buyers should budget for a basic refresh or accept that resale will be driven by site metrics, not interior appeal. The school catchment for Murray High is a known draw for families, but the absence of a premium primary within walking range limits the family buyer pool. The opportunity lies in a patient hold: Lavington is on the Albury growth corridor, and land values here have historically compounded at a rate that rewards a five-to-seven-year timeline. Use the property as a hold-and-renovate play, or as a site for a future dual-occupancy if council zoning permits.