38 Morand Street, Gisborne VIC 3437

Expansive 1820m² allotment | Northerly views across Macedon Ranges | Four-bedroom Henley home | Sought-after Gisborne location The buying case rests on the land: an 1,820 square metre elevated block with framed views of Mount Macedon is rare within Gisborne’s established streets, and the northerly orientation adds genuine passive amenity. The Henley-built floorplan, at 251–262 square metres with four bedrooms and two living zones, serves a growing family who values indoor-outdoor flow over turn-of-century character. An 83% owner-occupancy rate in the area signals low turnover and stable demand, which strengthens long-term position for a buyer seeking a hold property in the Macedon Ranges corridor. The principal risk is that the current price range sits above the estimated value, suggesting the vendor may be testing aspirational pricing; a buyer should be prepared to negotiate from a researched position. The 2017 purchase price of $855,000 provides a clear cost base, but the opportunity lies in the scarcity of this land size and view combination within walking distance of Gisborne’s amenities, which typically holds value better than standard subdivisions.