28 Meruka Drive, Eltham VIC 3095

Quiet Eltham pocket | split-level on 807m² | Sherbourne Primary & Eltham High catchment | SET DATE sale closing 2 June This property presents a rare configuration edge in a tightly held pocket of Eltham. The 166m² split-level design on an 807m² block offers a floorplan that suits families seeking separation of living zones without sacrificing usable garden space. Its position within the Sherbourne Primary and Eltham High School catchments, combined with proximity to Meruka Park and Eltham Village, anchors demand from a family buyer cohort. The 21% building coverage leaves meaningful scope for future reconfiguration or extension, which is a structural advantage over newer, denser subdivisions in the area. For a buyer who values land content and school access over a turnkey finish, this property is competitively positioned. The primary risk is the absence of recent sales history—last transacted in 1992—meaning the condition of core services and structure should be independently verified. No bushfire, flood, or heritage overlays reduce regulatory risk, but the split-level design may limit appeal to downsizers or those seeking single-level living. The opportunity lies in the SET DATE sale method, which can favour a prepared buyer if competition is subdued. The alternative valuation range of $1.2–$1.3 million suggests potential upside if the property is acquired below that threshold, particularly given the comparable sale at 29 Meruka Drive.