5-bed house on 1012m² lot | 47% building coverage | no overlays | solar panels | near primary school
This house presents a strong proposition for a buyer seeking land mass and simplicity in a stable location. Its large 1012m² lot with a significant building footprint offers immediate utility or future subdivision potential, unencumbered by bushfire or heritage constraints. The configuration of five bedrooms with a single bathroom, however, targets a specific buyer—likely a large family comfortable with shared facilities or an investor prioritizing land value over modern conveniences. Its proximity to a primary school solidifies its family appeal.
The primary risk is the dated 1975 layout with one bathroom, which caps its appeal and rental yield against modern expectations. The wide valuation range indicates uncertain market consensus. The opportunity lies in the land-to-price ratio; the commercial logic is to hold for land value appreciation or to renovate to unlock the bedroom count’s potential. Treat this as a long-term land play with a liveable house, not a premium residence.
A direct comparable at 90 Campbell Street sold in January 2026. It featured two additional bathrooms, providing a clear benchmark for the premium commanded by modern amenities. This sale validates the underlying street demand while quantifying the discount applied to the subject property’s dated configuration.