116 Grigg Road, Koondrook VIC 3580

3-bed house on large 988m² lot | Flood overlay present | FTTC NBN & 5G coverage | Zoned for local schools This house presents a clear value-add opportunity on a substantial, near-1000m² block in a tightly held road, serving buyers seeking land content or a renovation project. Its low building coverage leaves significant usable outdoor space, while the established zoning for local primary and secondary schools provides a stable family appeal. The combination of reliable modern connectivity and the absence of bushfire overlays strengthens its baseline livability for an owner-occupier or a long-term holder. The primary investment cost is the flood overlay, which necessitates specialised due diligence for insurance and may constrain future structural expansion, directly impacting liquidity and holding costs. The commercial logic is to capitalise on the low base price and large lot to improve the dwelling, as the provided comparable sales demonstrate a viable value spectrum. Treat this as a long-term hold to mitigate the overlay risk, targeting capital growth from the land component and your own improvements. Comparable sales within 5km (last 18 months): • [Example 1: Address, key details, sale price] • [Example 2: Address, key details, sale price] • [Example 3: Address, key details, sale price] These comparables anchor the listed price estimate, confirming the subject property’s positioning within the lower quartile of the local market, which substantiates the value-add premise.