13-15 St Georges Avenue, Templestowe VIC 3106

Large acreage in quiet pocket | Five-bedroom family retreat | Zoned for nearby government schools | No overlays This property presents a rare opportunity to acquire a substantial family residence on over an acre of land within a established suburb, offering significant privacy and space uncommon in this market. Its competitive strength lies in this configuration—a large, unencumbered block in a tranquil setting that serves a buyer seeking a long-term family home with room to grow, away from higher-density areas. The zoning for nearby schools from primary through secondary reinforces its appeal to that specific demographic. The primary decision point is the price premium commanded for the land parcel, which must be justified against the property’s age and the lack of recent sales evidence. The 2008 last sale date creates valuation uncertainty, and the wide listing price range reflects this. The rental estimate aligns with the asking rent, suggesting the income is credible, but the yield is low, framing this as a capital growth play rather than an investment. Acquire for lifestyle and land value; hold long-term to amortize the premium and realize the scarcity benefit.