24 Bowen Road, Lilydale VIC 3140

Dual living potential | Opposite primary school | Country views | Bedroom count varies by source | Active listing after 14 years The property’s strongest competitive advantage is its dual living configuration, which is rare in a 462m² house within a sought-after school-adjacent street. The open-plan layout with hardwood floors and separate upstairs and downstairs spaces serves multigenerational families or buyers seeking a home with income potential. Its position directly opposite Lilydale West Primary School and country views create a demand character that typically attracts owner-occupiers willing to pay a premium for convenience and outlook. The bedroom count inconsistency across sources suggests a flexible floorplan that can be marketed as either a 4 or 5-bedroom home, giving buyers negotiating leverage if they verify the actual configuration. The primary risk is the 14-year gap since last sale, meaning the property may carry deferred maintenance or non-compliant renovations that are not disclosed in listings. Buyers should budget for a thorough building and pest inspection, particularly given the dual living setup may have been altered without permits. The active turnover on the street, evidenced by the nearby 24A sale, indicates market liquidity but also means comparable data is available to anchor an offer. Opportunities lie in the dual living potential to offset mortgage costs or accommodate extended family. This property should be held as a long-term family home with optional rental income from the downstairs space.