1/14 Beresford Road, Lilydale VIC 3140

Freestanding unit | large shared land | rental in demand | outskirts quiet | below suburb median This property presents a competitively strong proposition due to its rare configuration as a freestanding unit on a large, shared land parcel, a feature atypical for units in this market. Its design ensures privacy and separation of living zones, while its price point sits distinctly below Lilydale’s house median, creating immediate entry appeal. It serves savvy first-home buyers and downsizers seeking house-like amenities without the premium, and investors will note the healthy gross yield signaled by current rental applications. The decision hinges on strata title complexities and the lack of precise comparable sales, which obscure true value calibration. The large shared land size does not confer typical land value benefits. Proceed by verifying strata fees and recent off-market sales on Beresford Road to anchor your offer. This property is a hold for reliable rental income or a long-term entry play, not for speculative land value gain. Recent comparable sales data is limited, with only an off-market sale at 15 Beresford Road and a nearby Mooroolbark unit sale providing vague context. This scarcity underscores the importance of your due diligence to establish a defensible price, as the property’s unique characteristics are not easily benchmarked.