116 Compass Drive, Greenvale VIC 3059

Bushfire overlay present | 68 all-owner streets rarely trade | tight indicative range may overstate floor | short market history limits trend data The bushfire overlay introduces a non-negotiable cost in both insurance premiums and future resale pool. The 0% renter street means supply is thin but buyer demand is equally constrained. The $1.85m base risks overpaying into a micro-market with low turnover. Unless you secure below $1.9m, the margin of safety is absent and holding period should be a minimum of 7 years. Build on land, don’t flip. What holds competitive weight is the proven school catchment and FTTP. The 5-bedroom layout on 576sqm is genuinely rare in Greenvale, and the 285sqm build with open fireplace signals permanent family appeal. This suits an owner-occupier buying for the next decade. If the property sits beyond 45 days without a sale, a structured offer near the lower end of the range becomes your strongest lever. Engage a building and pest inspector before any price talk.