12 Osage Concourse, Mooroolbark VIC 3138

Architecturally impressive large residence | Multi-generational design | Vacant land in 2016 | No overlays | Recent extension permit This property presents a rare, architecturally designed residence tailored for large or multi-generational living, a segment with limited supply in Mooroolbark. Its five-bedroom, five-bathroom configuration offers superior privacy and comfort compared to typical stock, positioning it for a buyer seeking substantial scale and contemporary finishes. The complete absence of bushfire or heritage overlays simplifies the purchase process and future modification. It best serves a family requiring significant space without compromising on modern sophistication or communal areas like its wide hallway and outdoor entertainment spaces. The primary risk is its premium valuation against recent comparable sales, demanding a buyer to justify the price per square metre against newer, more standard offerings. The recent permit for extension indicates ongoing investment, yet the capital outlay must be weighed against the established premium. Acquire this property as a long-term family home to amortize its cost base, not for short-term trade; its specific configuration limits its resale pool but ensures strong utility for the correct occupant. Recent sales context shows the property last sold as vacant land for $440,000 in 2016. Current listings indicate a 5-bedroom home on a larger 864m² block nearby is priced around $900,000-$990,000. This stark contrast underscores this property’s premium ask, which you are paying for architectural design, superior bathroom count, and new construction. The value inference rests entirely on the buyer’s need for its specific, high-specification layout.