1 Katmai Road, Truganina VIC 3029

444 m² block | 172 m² floorplan | Truganina off-market | Katmai Road comparables This block at 1 Katmai Road offers a rare off-market entry into a street where comparables trade actively above $700,000. The 444 m² lot with a 172 m² internal footprint positions the property as a practical family hold, not a speculative flip. For a buyer seeking a finished home on a usable block without premium land tax or holding costs, the configuration is competitive against newer subdivisions where land shrinks below 400 m². The property suits owner-occupiers prioritising space over finish, or investors targeting the Truganina rental corridor where demand remains steady for three-bedroom-plus stock. The primary risk is the off-market status itself,without competitive tension, the vendor holds pricing leverage, and the $697,000 estimate may sit above what a marketed campaign would achieve. Buyers should test this against 13 Katmai Road’s $714,900 list for a larger floor area, and factor that Katmai Road’s range ($578k–$918k) includes both inferior and superior lots. The opportunity lies in negotiating a discount to the estimate, using the 172 m² build as a ceiling for value. Hold this property as a medium-term residential hold; rental yield will support carrying costs, and land in Truganina’s 3029 postcode has tracked with Melbourne’s western growth corridor