2/345 High Street, Templestowe Lower VIC 3107

Rear villa in boutique dual occupancy | single-level on 338sqm | strong owner-occupier street | near Templestowe College and primary. This property offers a rare combination of rear-unit privacy with a generous 338sqm lot, unusual for a villa in this price band. The single-level layout and boutique block of two reduce body corporate complexity and appeal strongly to downsizers, young families, and investors seeking low-maintenance land content. Its position in a 100% owner-occupied street signals stable demand and limited rental churn, which supports resale value. The property is best suited to buyers who prioritise space and seclusion over modern finishes, as the age and condition of the interior will require attention. The main risk is the conflicting bedroom count across listings, which may reflect a non-standard layout or an unapproved room, potentially limiting finance or buyer pool. The 2002 purchase history suggests limited recent renovation, so capital expenditure on kitchen, bathroom, and possibly flooring should be factored in. However, the comparable sale of unit 1 at $1,125,000 in May 2025 provides a strong floor for value, and the $1m–$1.1m guide leaves room for upside after improvements. Hold this property for medium-term capital growth driven by land scarcity in Templestowe Lower’s established residential corridor.