72 Balmoral Cres, Eastwood VIC 3875

775m² block | 3 bed family home | renovation opportunity | Eastwood location The property’s primary competitive advantage is its 775m² landholding, which is substantial for the area and gives a buyer positional leverage that the modest three-bedroom dwelling alone does not. This configuration best suits renovators or owner-occupiers seeking future extension potential, as the land size is the key differentiator in a market where larger blocks are increasingly rare. The previous 2017 sale price suggests the current listing may reflect significant capital growth, making the entry point a consideration for those with a medium-term holding horizon. The main risk is that the house itself is likely dated and may require immediate capital for updates, which could push total acquisition costs above comparable improved properties. However, the commercial logic is that the land value should underpin the investment, and any renovation or redevelopment would unlock further equity. Hold this property for its land content, not its current dwelling.