13 Madura Street, Travancore VIC 3032

Period Californian Bungalow | 718sqm deep block | prime tree-lined street | developer or renovator target. The property’s primary competitive advantage is its unusually deep 718sqm allotment on a prized street in a tightly held suburb, which is rare for a period home of this character. The existing free-flowing layout with four bedrooms, a modern bathroom, and period details like high Art Deco ceilings and hardwood floors means the house is immediately liveable while offering significant upside. For a buyer seeking either a substantial family renovation or a redevelopment play subject to council approval, this property sits in a strong school catchment and close to transport, making it best suited to those who can hold for medium-term value creation. The main risk is the single bathroom configuration, which limits immediate family appeal and will require a renovation budget to unlock full market value. The 1998 last sale date means no recent equity history, and the auction guide below the estimated $2M value suggests the seller may be pricing for competition rather than a quick sale. The opportunity lies in bidding strategically below the valuation ceiling, using the deep block and lack of recent comparable sales to negotiate. Hold for renovation and capital growth, or explore subdivision potential with council.