54 Roseberry Street, Ascot Vale VIC 3032

Flat allotment north-facing rear | four-bedroom zoning with dual school catchments | redevelopment potential under 47% building coverage | 5G and NBN connected This property offers a rare combination of scale and configuration. The 809m² flat block with north-facing rear and 47% building coverage positions it as a strong candidate for either immediate family occupation or a future subdivision or townhouse development. The four-bedroom layout and dual school zoning serve buyers seeking long-term family use with optionality. The absence of heritage, bushfire, or flood overlays reduces holding risk and simplifies any future planning application. The single bathroom is the primary constraint for a family buyer, likely requiring renovation to meet modern expectations. The estimated value sits below the lower end of the quoted range, which means the buyer must negotiate from a position of data, not emotion. Rental yield at $850 weekly is modest relative to the price point, so this is not a cash-flow play. The property should be held for its land value and development upside, not short-term income. Buy for the block, improve the house, or prepare a planning submission before the next cycle.