12 Jacaranda Avenue, Rutherglen VIC 3685

Large acreage in established street | 4 bed, 2 bath, 6 car | Near recent $1M+ sales | Likely bushfire overlay This property presents a compelling proposition based on its significant landholding of 2.23 acres within a street that demonstrably commands premium prices for substantial lots. The scale of the land is its primary competitive strength, offering rarity and utility that sharply differentiates it from the broader Rutherglen market, where the median sale price is significantly lower. The configuration of four bedrooms and six parking spaces suggests a house built for family living or multi-vehicle needs, potentially with outbuildings. This property serves a buyer seeking space, privacy, and the long-term security of a large, titled parcel in an area with a high rate of owner-occupation, indicating a stable neighbourhood. The decision hinges on reconciling the lack of specific building details with the clear value signal from comparable sales on the same street. The principal risk mechanism is the information gap regarding the house’s condition, age, and finishes, which could conceal significant capital requirements. The opportunity lies in acquiring a land bank at a price point likely anchored by recent transactions on smaller lots nearby, providing a commercial logic of securing more land for a similar outlay. Proceed with a structured due diligence process focused on building inspection and overlay confirmation, but the land attributes alone justify serious consideration for a long-term hold, either as a primary residence or a lifestyle property. Recent sales on Jacaranda Avenue provide a clear benchmark: * 13-15 Jacaranda Ave (1.11 acres, 5 bed, 2 bath) sold for $1,050,000 in February 2026. * 5 Jacaranda Ave (1.11 acres) is estimated off-market at $1,045,000. These comparables, on half the land area, suggest a strong foundational value for the subject property’s 2.23-acre parcel. While the house itself is an unknown variable, the land size relative to these sales indicates a probable valuation well above the suburb median, establishing a credible floor for your investment.