69 Myrtle Street, Alexandra VIC 3714

4 bed home | 1063sqm block | off market | Alexandra’s larger offering The property’s primary buying case rests on its uncommon land size and configuration for Alexandra’s current market. At over a thousand square metres with four bedrooms and two bathrooms, it occupies a segment where supply is thin and family demand is consistent. This combination gives a buyer positional leverage: few competing listings will offer equivalent space, and the large block permits future subdivision potential or simply room to extend without moving. The house likely suits owner-occupiers seeking long-term tenure or investors targeting the tight rental pool for larger homes in the area. The off-market status introduces both risk and opportunity. Without a public listing, price discovery is less transparent, and the buyer must rely on comparable evidence—like the smaller 72 Myrtle Street property valued at $384,000—to anchor negotiations. The absence of interior photos or renovation history means due diligence on building condition is critical; any deferred maintenance could erode the value advantage of the land. However, off-market access can reduce competition and secure a price below replacement cost for the land alone. The commercial logic is straightforward: buy for the block, treat the house as a bonus, and hold for land appreciation or future development.