104 Mcpherson Street, Essendon VIC 3040

Large 752m² block | premium renovation | quiet pocket | Strathmore Secondary zone The buying case rests on the combination of a fully renovated interior with a 752m² landholding in a tightly held, no-through-road pocket of Essendon. This configuration is rare at the premium end, where most renovated homes sit on smaller parcels. The energy package—5.5kW solar, 5.1kW battery, and 13,000L water storage—adds genuine long-term operational savings, not just marketing gloss. The property is best suited to established families who prioritise school catchment certainty and walkability to cafés, parkland, and transport, and who want a turnkey home without near-term renovation demands. The primary risk is price positioning: the guide sits well above the suburb’s median for four-bedroom houses, and the nearby 103A McPherson Street sale at a significantly lower price signals that this pocket does not uniformly command a premium. Buyers should verify whether the renovation cost justifies the gap. The double carport and exposed aggregate driveway are functional but not a substitute for a secure garage, which may deter some prestige buyers. The opportunity lies in the land-to-improvement ratio: a 752m² block in this location with a high-end finish may hold value better than a comparable home on a standard 500–600m² lot, particularly if future subdivision potential exists under current zoning.