1/5 Moresby Street, Mitcham VIC 3132

Split-level unit | Reserve frontage | Walk to station & shops | Three-bedroom with study This property occupies a rare position next to Moresby Street Reserve, giving it a private outlook not typical for a unit in this price bracket. The split-level layout with vaulted ceiling and separate study adds functional space that competes with a small house, while the contemporary kitchen with Bosch appliances and heated bathroom floors lift the finish above comparable stock. It suits downsizers wanting single-level living without sacrificing quality, or first-home buyers seeking a long-term home rather than a starter unit. The location near Mullum Mullum Creek Trail, Mitcham Primary, and the station strengthens its appeal to families and commuters alike. The main risk is the land size under 300m², which limits capital growth relative to houses and may deter investors seeking land value. The discrepancy between two-car and one-car parking sources needs verification, as a single space could reduce appeal for multi-car households. The property has been on market only briefly, suggesting the vendor may be testing price rather than motivated. Buyers should check easements or slope issues given the gully position. This unit works best as a hold for owner-occupiers who value location and finish over land banking.