22 Wallace Way, Mooroolbark VIC 3138

22 Wallace Way | 864sqm in Mooroolbark | 4-bed family house | fresh to market near schools The property sits on a generous 864sqm block in a street where 85% of residents are owners, indicating stable neighbourhood demand. Its proximity to Manchester Primary and Mooroolbark College within walking distance makes it a strong proposition for families seeking school catchment security. The median for four-bedroom houses here sits at $1,008,000 with a 76% auction clearance rate and just 20 days on market, suggesting buyers should be prepared for competition. The Domain valuation range of $840,000 to $1,120,000 brackets the price guide, giving a buyer room to negotiate if the property lacks recent updates. The main risk is that no recent sales history is available for this specific property, making it harder to gauge vendor motivation or past value. The buyer should inspect for structural condition and any deferred maintenance on a block this size, as landscaping or renovation costs could add to the entry price. A pre-purchase building inspection and a check of comparable sales on Wallace Way via OnTheHouse or Property.com.au would clarify the bid range. Hold this property for its land content and school catchment; it suits a family planning to stay medium-term.