105 Raheen Avenue, Wantirna VIC 3152
105 Raheen Avenue, Wantirna VIC 3152
Single-level 4-bedroom on 715mยฒ | Templeton Primary & Wantirna College catchment | Renovation-ready with northern light | Development potential on 30m frontage
This property presents a rare combination of immediate liveability and medium-term optionality. The 715mยฒ lot with 30-metre frontage, in a residential zone without overlays, offers a clear pathway to a future new build or subdivision, while the current home is comfortable enough to occupy without urgency. The school catchment,Templeton Primary and Wantirna College,anchors demand from families, and the northern light to living areas and new floating floors reduce the friction of moving in. For a buyer who values position over polish, this house competes on land content and zoning flexibility, not on cosmetic condition.
The risks are priced into the guide but not yet fully tested. The original bathrooms and kitchen will demand capital within three to five years, and the $923,000 2020 purchase suggests the vendor has held through a rising market, leaving limited negotiation room below $950,000. The opportunity lies in buying a property that can be held as a family home while the streetโs redevelopment pattern matures. Hold for three years, renovate the wet areas, then reassess,this is a land play with a rental buffer.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 105 Raheen Avenue, Wantirna VIC 3152
Market Insight:
Wantirna South is a thriving, well-established suburb offering a compelling blend of family-friendly amenities and convenience, anchored by the major Westfield Knox retail hub. Demand is strongly driven by families and professionals seeking excellent schooling options and access to green spaces, supported by robust transport links to the CBD. The housing market demonstrates significant momentum, with houses appreciating at a notably higher rate than units, reflecting a competitive environment with swift sales. Future growth is underpinned by its established infrastructure and desirability as a residential hub, though its premium positioning suggests inherent affordability considerations.