1152 Mount Dandenong Tourist Road, Kalorama VIC 3766

Large bush block in Kalorama | 5-bedroom family house | 3490 sqm land | Recently listed | Tranquility and space positioning This property presents a rare combination of a substantial landholding and a large family home within a sought-after hills locale, creating a strong proposition for buyers seeking privacy and space. Its five-bedroom format on a large, serene block is atypical for the area and serves a specific buyer profile: families or those entertaining extensively who value a verdant, established setting over urban proximity. The immediate market presence is a key advantage, offering a clear purchase opportunity without prior sale history clouding price perception. The primary risk is the lack of contemporary sales data for the house itself, with the last transaction in 1999 obscuring its current market valuation. This necessitates a premium on due diligence regarding building condition, land utility, and precise valuation against imperfect comparables. The opportunity lies in securing a substantial land asset in a tightly held area; the commercial logic supports a long-term hold to capitalise on land scarcity. Acquire for permanent occupancy or as a legacy holding, not for short-term trade. Nearby comparables indicate a varied market: – 1231-1233 Mt Dandenong Tourist Rd: 3 bed, 1 bath, 2485sqm at $900k-$990k. – 52 Olinda Creek Road: Priced $1.45m-$1.55m, details unspecified. The subject property’s larger land and superior bedroom count position it at a premium, likely exceeding the higher range of the direct comparable, though the lack of detailed finish and condition data prevents precise alignment.