1/5 Lemon Grove, Nunawading VIC 3131

Modernised 3-bed villa in tight Nunawading pocket | NRZ4 land with no overlays | 2-car enclosed carport | Rare single-level liveability near park and transport. This property offers a rare combination of single-level convenience and a fully modernised interior in a tightly held pocket of Nunawading. The three-bedroom, two-bathroom configuration with two car spaces is competitively positioned against older two-bedroom stock, giving a buyer immediate liveability without renovation risk. The NRZ4 zoning with no overlays provides a clean holding position, and the enclosed remote carport, manicured gardens, and proximity to a park serve families or downsizers seeking low-maintenance living near transport and schools. It suits owner-occupiers prioritising move-in condition over land speculation. The main risk is the 1985 build quality and potential for structural or cladding issues not visible in marketing, which a building and pest inspection must address before auction. The property sits in a suburb where unit medians are below the asking range, so paying near the upper end requires confidence in the renovation premium holding over time. Opportunity lies in the absence of heritage or flood overlays, allowing straightforward future renovations or a granny flat if zoning permits. Hold this property as a long-term family home or low-maintenance rental, not a land bank play.