Corner allotment | 5 bedrooms | 1,351m² land | Medium density zoning | Near secondary school
This house presents a rare configuration for its precinct, combining a substantial landholding with a five-bedroom footprint on a corner position, directly adjacent to the high school. The low building coverage leaves significant developable space, making it a strategic holding for a large family or an investor eyeing future subdivision potential, subject to council approval. Its condition is reported as good, with reliable connectivity, and it sits without environmental overlays, simplifying due diligence.
The primary risk is the severe data inconsistency on bedroom and bathroom counts, which must be physically verified as it materially impacts value and utility. The wide valuation spread and extreme price appreciation since 2023 introduce market timing risk; paying at the asking price assumes continued aggressive growth. Proceed only with a building inspection and a firm appraisal against verified recent sales, otherwise the premium paid for land size may not be recouped. This property suits a long-term holder who can utilise the space now and capitalise on the land bank later.
One documented comparable sale exists: a property sold for $280,000 in January 2023. This sale anchors the market but highlights the dramatic appreciation to the current asking price, demanding scrutiny of whether recent improvements or market forces justify the increase. Buyers must establish current value through more recent and directly comparable evidence.