12 Elgar Road, Burwood VIC 3125

Classic brick character home | 669m² broad development allotment | Heart of Burwood | Potential for renovation or STCA This property presents a competitively strong landholding in a core location, a configuration increasingly rare in this market. Its substantial 669m² parcel with an 18.3-metre frontage provides a tangible strategic advantage, serving both the family seeking a character home with expansion space and the developer assessing its multi-unit potential subject to council approval. The classic three-bedroom residence offers immediate utility while functioning as a holding position on a valuable block. The primary decision hinges on capital allocation versus potential. The price guide sits below estimated market value, indicating a motivated vendor, but acquiring this property commits you to either a renovation budget or holding costs while pursuing development permits. The commercial logic favours securing the land; the existing house offsets holding costs. Proceed with an offer strategy that reflects the land value, not the dated improvements.