35 Antibes Street, Parkdale VIC 3195

North-facing 610m² block 150m to beach | Californian bungalow with renovated bathroom | Deep rear yard with extension or pool potential | Strong school catchment and high owner-occupier suburb. The property’s strongest buying case rests on its rare combination of north-facing land size, beach proximity, and single-level character housing in a tightly held pocket. The 610m² block at 29% building coverage offers genuine future optionality , extension, pool, or rear studio , without needing to demolish. The renovated bathroom and updated kitchen reduce immediate capital outlay, while the sunroom and deep rear yard suit a family seeking indoor-outdoor flexibility. This house serves best a buyer who values land leverage over turnkey perfection, particularly given Parkdale’s 76% owner-occupier rate and 1.6% suburb growth, which supports stable long-term demand. The primary risk is the property’s single-bathroom configuration, which may limit appeal for families or future resale to buyers expecting a second bathroom at this price point. The 2021 sale at $2,097,000 sets a high entry benchmark, and the current valuation range suggests limited short-term capital growth. However, the north-facing orientation and absence of overlays reduce holding risk. The commercial logic is to buy for land banking with a 5-7 year hold, using the existing house as a low-maintenance rental or family home, then capitalising on extension or subdivision potential when zoning permits.