10 Fenfield Street, Altona VIC 3018

Parkland backing | 3-bed house on 604m² | 42% building coverage | strong owner-occupier street This property’s competitive edge is its direct parkland adjacency combined with a low 42% building coverage on 604m²—rare in Altona’s current stock. The configuration offers genuine expansion or redevelopment optionality without the premium of a full knockdown rebuild. It serves best a buyer seeking a family home with immediate outdoor amenity and future flexibility, particularly those prioritising Altona College proximity and long-term owner-occupied street stability. The principal risk is the single bathroom, which narrows appeal to families with older children or couples; a second bathroom addition would cost roughly $30–40k but unlock broader resale demand. The 2023 sale at $990k and current guide suggest the parkland premium is already priced in, leaving limited short-term capital growth. Hold for five years minimum, or add a bathroom and sell into the strong 63% auction clearance cycle for a tighter exit.