106 Myrtle Street, Springvale South VIC 3172

Family-held on full block | Rare first release in 40 years | Solid suburban positioning | Zoned for sought-after schools. This house represents a genuinely tight-held residential opportunity, having been offered to the market only twice in its history. The 564m² lot with 51% site coverage and a practical 288m² building footprint provides a rare configuration advantage for a buyer seeking either immediate family use or future redevelopment optionality. Its positioning in Springvale South, zoned for Heatherhill Primary and Keysborough Secondary College, serves families directly, while the absence of bushfire, flood, or heritage overlays simplifies due diligence. The modern open-plan layout and reliable infrastructure make it a low-friction purchase for an owner-occupier. The principal risk is that the property has been priced into a rising but still variable market, with recent comparable sales limited in the immediate street. This introduces a negotiation window for a disciplined buyer. The lack of rental history data means income projections rely on suburb-wide estimates, not proven yield. The opportunity lies in buying a genuinely scarce listing,first release in over forty years,where the holding strategy is straightforward: occupy and enjoy the modernised interior, or hold for medium-term land value appreciation in a corridor with consistent demand.