65-67 Mount Street, Eaglemont VIC 3084

Federation-era rarity | dual-street frontage 2,355sqm | mountain views and botanical gardens | first offering in 47 years This property’s competitive strength lies in its scarcity: a Federation house on an elevated 2,355sqm block with dual street frontage, held for 47 years and never before marketed. The 465sqm building footprint, high ceilings, and leadlight windows provide period character that is increasingly difficult to find in this corridor. For a buyer seeking a generational family home with subdivision or dual-occupancy potential, the land size and zoning create a rare positional advantage. It serves best those who value long-term capital growth over immediate yield, and who can absorb the holding costs of a large heritage property. The primary risk is the price gap between the EOI guide and automated estimates, which may reflect the market’s limited recent comparables for this configuration. The adjacent 65 Mount Street lot, on a similar land area but lower estimated value, suggests the premium here is tied to the Federation house and views , a premium that may narrow if the property requires significant restoration. Opportunities include leveraging the dual frontage for future subdivision or a secondary dwelling, subject to heritage overlay constraints. The commercial logic is to hold for at least a decade, allowing the land value to absorb any renovation costs, and to treat the period features as a differentiator in a market that increasingly prizes character over floor plan efficiency.