1/23 Rose Street, Highett VIC 3190

Large northerly villa on 748m² | Rare streetfront unit with garden | Sold 2021 for $816.5k | Now listed below previous sale price. This property presents a distinct configuration advantage within its suburb, offering a villa lifestyle on a substantial 748 square metre parcel, a rarity compared to typical strata units. Its deep northerly aspect and seamless indoor-outdoor flow cater to an owner-occupier seeking low-maintenance garden living with strong natural light, a compelling proposition in the Bayside corridor. The unit’s current price guide, positioned below its 2021 sale price, signals a potential entry point, particularly for downsizers or young families zoned for Moorabbin Primary, who value the impressive street presence and secure parking over internal luxury. The central risk is the evident value compression since 2021, requiring immediate due diligence on market sentiment and body corporate health to diagnose the cause. The periodic rental history suggests it functions adequately as an investment, but the primary opportunity lies in capitalising on its land component and scarcity as a large-lot villa to hold long-term. Proceed with an offer anchored below guide, but only after a building inspection confirms the 1970-built structure requires no major capital outlay, as the commercial logic rests on the land asset appreciating, not subsidising repairs.