11 Tassell Street, Hadfield VIC 3046

California bungalow | 616m² land | flood overlay | 4 bed plus study | 3 car parking This property presents a competitively strong offering for a family seeking a character home with modernized interiors on a large block. The updated gourmet kitchen, dedicated study, and multiple living spaces cater specifically to owner-occupiers needing space and functionality. The significant backyard and in-ground pool enhance its lifestyle appeal. Its position in a Neighbourhood Residential Zone reinforces a low-density, stable streetscape, which protects its character and appeals to long-term holders. The primary decision mechanism is the flood overlay, which imposes immediate due diligence costs for insurance and potential future building restrictions. The valuation range sits notably below the asking price, indicating a premium for the renovation that must be justified. This house is best acquired by a buyer prepared to hold long-term, leveraging its scarcity as a large, updated parcel, while absorbing the flood risk. Our analysis would pressure-test the asking price against true market comparables and provide a detailed locality risk assessment, including flood certification and insurance feasibility. Recent sales data for comparable properties in Hadfield is not available in the provided information. A precise valuation for this specific property would require an examination of current, like-for-like sales to determine if the seller’s premium for the renovation is aligned with market evidence.