48 Boorool Road, Kew East VIC 3102

c.1940s brick veneer | 726sqm no overlays | three kitchens | Kew High zone | flexible title The primary buying case here is configurational optionality on a clean 726sqm site with no heritage, flood, or bushfire overlays,rare in Boroondara. The three living zones and three kitchens enable multigenerational living, dual occupancy, or creative re-use without immediate structural change, which broadens the buyer pool and supports price resilience. Its position 200 metres from Kew High School and within walking distance of Kew East Primary adds a demographic floor. The 47% building coverage leaves meaningful land for future redevelopment, while the current 338sqm footprint can be reimagined or subdivided subject to council approval. The principal risk is that the 1940s fabric may require significant updating to meet modern standards, particularly electrical, plumbing, and insulation,costs that could exceed $150k before any redevelopment begins. The absence of recent sales history on the street limits precise benchmarking, though the median suburb price of $2.2m and 32 street sales this year suggest liquidity. The auction clearance rate of 72% indicates a balanced market. The optimal holding strategy is to occupy and phase renovations, preserving the dual-occupancy option for future flexibility or income.