1/4 Warnock Street Broadmeadows VIC 3047

Mid-century home | sizable subdivided block | light-filled interior | quiet Broadmeadows locale This property presents a competitively strong proposition due to its rare, sizable land parcel within a subdivided block, a feature increasingly scarce in this market. The classic home on a 257m² block offers immediate utility and long-term land value. It serves the practical buyer seeking a low-maintenance entry into the market or a land-banking opportunity, with its light-filled interior and quiet location enhancing livability. The central risk is the conflicting description of the dwelling as a two or three bedroom home, which directly impacts valuation and financing. This discrepancy must be resolved through a physical inspection and title review. The opportunity lies in acquiring a sub-divided block at a price point below estimated market value, offering a logical basis for both holding as a rental or future development. Proceed with an offer conditional on verifying the bedroom count and building structure. A Propcred report would definitively resolve this configuration risk and provide the necessary locality due diligence. A recent comparable sale at 4/162 Widford Street for $395,000 demonstrates achievable price points for units in the immediate area. This sale supports the listed price range for this property, but the subject property’s larger land component suggests a potential value edge if the dwelling is confirmed as a house.