Large block in established cul-de-sac | 3-bed character home | Zoned for sought-after schools | Coming soon listing
This property presents a compelling opportunity based on its substantial 743m² lot in a quiet Morley cul-de-sac, a configuration increasingly rare in this suburb. The established house serves as a functional entry point, but the primary value driver is the land parcel within the catchment of well-regarded government schools, positioning it ideally for a family seeking long-term location benefits or a future rebuild. The coming soon status indicates anticipated strong interest.
Proceed with a disciplined price framework due to the wide and inconsistent valuation range from $910k to over $1.1m. The lack of recent comparable sales data for the street introduces pricing risk, making pre-auction offers speculative. Secure a specific building inspection to assess renovation costs. This property is a land play; purchase only if the price aligns with the unimproved land value of the street, as the existing house likely holds minimal premium.