809m² land | 274m² house | 3 bed 1 bath | 1 car | Premium Tully footprint
The property is characterized by a rare balance between a 274m² building footprint and an 809m² land holding, a combination that is considered generous for the local area. The three-bedroom, one-bathroom layout is seen as practical for a family, though the single car space is noted as a modest provision. It is positioned within Tully’s established residential context, where such land proportions are valued. This house is best suited to owner-occupiers seeking indoor space with outdoor room, or investors who appreciate a straightforward, substantial dwelling. Its appeal is reinforced by a clean land profile that poses no significant constraints.
The single bathroom and one-car garage may be viewed as limitations, potentially narrowing the buyer pool. The substantial building footprint might be taken to imply higher upkeep, which could temper price confidence. Conversely, the generous land area may be seen as an opportunity for extension or outdoor living, and thus may help hold value.
>> Comparable Sales: 37 Murray Street sold at $79,000 in 2019 | Property Price Band: $400,000–$500,000 | Value Drivers: land size, building footprint, single-bath constraint