1/135 Ivanhoe Parade, Ivanhoe VIC 3079

3-bedroom townhouse | Ivanhoe Parade | 242m² lot | auction May 16 This property offers a rare combination of a generous 242m² lot and a flexible two-level layout in a sought-after Ivanhoe pocket, where townhouses of this size are uncommon. The ground floor study or bedroom option and deep rear garden give it an edge over standard narrow townhouses, making it suitable for downsizers wanting single-level living or young families needing space. Its position within Ivanhoe Primary School zone and absence of overlays reduce complexity for future changes, which is a clear advantage for buyers seeking a long-term hold. The main risk is the auction clearance rate of 52% in Ivanhoe, suggesting buyer caution and possible need for a competitive but disciplined bid within the price guide. The property’s dual listing status and recent price variance between sources indicate the vendor may be testing the market, creating an opportunity for a buyer who can act decisively. For an owner-occupier, this is a solid family home with good bones; for an investor, the rental midpoint of $725 per week offers a modest yield. Hold it as a core residence or a low-maintenance rental in a stable suburb.