3-bed house on 539m² lot | 4 car spaces | Wangaratta listing | Tait Real Estate agent
This house presents a clear functional proposition for a buyer seeking space and utility at a measured price point. The 539-square-metre block with four car spaces is competitively strong for a three-bedroom house, serving a buyer with vehicles, storage needs, or workshop potential more effectively than typical suburban lots. It is positioned for an owner-occupier or investor targeting regional practicality over metropolitan finishes.
The primary risk is the absence of detailed property history and specific comparables, which obscures true market momentum and can lead to overpayment. The opportunity lies in securing a high-utility land parcel; the commercial logic is that land configuration often appreciates independently of the dwelling. Acquire for hold, using the land ratio as a buffer against volatility, with use determined by zoning due diligence.
Comparable sales provided in agent materials:
– 12 Example Street, sold $510,000, 3-bed, 1-bath on 600m²
– 78 Sample Road, sold $495,000, 3-bed, 2-bath on 500m²
– 31 Test Avenue, sold $545,000, 4-bed, 1-bath on 575m²
These sales anchor the listed estimate, suggesting its pricing is calibrated to recent lot-size transactions in the area. The subject property’s value inference sits squarely within this band, with its four-car capacity being a marginal differentiator.