19 Torquay Avenue, Chadstone VIC 3148

3 bed 1 bath 655sqm | Chadstone house circa 1960 | large block in established suburb | reno or redevelopment potential This property’s competitive strength is the 655 square metre land parcel in a stable, well-located suburb. For a buyer, the generous block offers rare flexibility: renovate the existing house for family living, or hold for future subdivision subject to council approval. The circa-1960 build, while dated, means the primary value sits in the land, not the dwelling, which suits buyers seeking longer-term capital growth rather than immediate move-in condition. It best serves owner-occupiers wanting space or investors with a patient holding strategy. The key risk is the single bathroom and one car space, which limit appeal for families and resale breadth until upgraded. Interior condition is unknown, so a full building and pest inspection is essential before committing. The opportunity lies in the land’s zoning and redevelopment potential, which should be verified with the local council. The property is best held as a long-term land bank with a staged renovation or eventual subdivision in mind.