119 Roberts Street, Yarraville VIC 3013

3-bed family home | preserved original spaces | 446m² lot | Yarraville location | aligns with older area stock This property presents as a well-loved, original-condition family home on a full-sized allotment, a configuration becoming less common in established suburbs. Its core strength is the land parcel and preserved layout, serving a buyer seeking a classic house with renovation or extension potential in a dense, established street. It positions you for capital growth through improvement in a location with demonstrated buyer demand for larger blocks. Your primary cost is the dated single bathroom and the price premium for land, which demands a future capital outlay to modernize. The commercial logic is in adding a second bathroom or expanding living areas to align with renovated local stock. Acquire only if you can fund and execute these upgrades; otherwise, hold as a long-term land bank, as its value is fundamentally tied to the plot size in a supply-constrained market. Recent sales on Roberts Street provide context: – 178 Roberts St: $825,000 for 3 bed, 1 bath, 469m² (Jan 2023) – 119 Roberts St: $970,000 for 3 bed, 1 bath, 446m² (Jan 2023) The subject property’s last sale price sits above a comparable, larger lot, signaling a premium for its specific condition or positioning. This indicates buyers pay for well-maintained original homes, but value is acutely sensitive to bathroom count and modernization.