9 Cobham Street, St Albans VIC 3021

Renovated three-bedroom house | 550 sqm block St Albans | family-friendly pocket | strong post-renovation upside This property offers a rare combination of a genuinely renovated interior on a full 550 sqm block in a family-oriented pocket. The formal lounge and light-filled dining area flow into a well-appointed kitchen, making the layout practical for daily living. The covered alfresco and spacious backyard with a garden shed add genuine outdoor utility. For a first home buyer or young family, the fully fenced grounds and proximity to St Albans Primary School reduce ongoing maintenance and school-run friction. The split-system air conditioning and separate laundry are functional rather than flashy, but they keep the house comfortable without premium cost. The main risk is the gap between the current estimated value around $640k and the asking range of $750k to $800k, which suggests the renovation premium may not yet be fully supported by recent sales evidence. This gives a buyer negotiating leverage if comparable sales haven’t caught up. However the 550 sqm lot itself holds subdivision potential in a market where land is tightening. For a buyer willing to hold for three to five years, the combination of a fresh renovation and a good-sized block should absorb any initial overhang in price. Use the valuation gap as your negotiation anchor, and treat the property as a hold for capital growth rather than a quick flip.