38 Meander Road, Hurstbridge VIC 3099

Large family home on substantial land | High coverage limits expansion | Bushfire overlay present | Prime walkable location near station and town This property presents a competitively strong offering for a family seeking space and convenience in a well-regarded locale. Its substantial internal area on a large parcel, with direct proximity to the train station and town centre, creates a rare combination of lifestyle utility and footprint uncommon closer to the city. The high building coverage signals a home maximising its allotment, ideal for those prioritising internal living space over extensive landscaping or future extension potential. It serves a buyer seeking a long-term family home with immediate walkability. The decision hinges on managing the explicit bushfire overlay, which imposes ongoing compliance costs and may complicate insurance. The listed price range sits below the automated valuation, suggesting a market adjustment, while the strong rental estimate provides a solid income floor. This property is a hold for a decade, leveraging its location and land component, not a short-term renovation play. Its value is in use, not in untapped development potential. A recent comparable sale at 98 Meander Road (5 beds, 1 bath, 689m² land) achieved $810,000. This transaction underscores the value of larger land parcels, as this subject property offers over 300m² more land and an additional bathroom, justifying a premium above that sale price and aligning it with the current median.