13 Ardgower Court, Templestowe Lower VIC 3107

Corner block with three roads | Rebuild potential is the real value | $1.1m carpet price masks October 2021 loss | Buy the land, trade the house At $1.1m this property should be bought for its land value, not its livability. The asking floor sits below the October 2021 sale of $1,251,000, meaning the seller is likely taking a loss given holding costs and stamp duty. You’re paying for 647m² on a corner block without heritage or flood constraints, with rebuild approval possible. The existing house is a functional placeholder, not a keeper. This property works best as a land bank with immediate rental cover or a knockdown candidate if you have the capital to build. The corner allotment offers three-road frontage, rare in Templestowe Lower, which gives you flexible subdivision or access options that a standard block cannot match. The existing study and refurbished lounge provide adequate short-term rental amenity, with the $700 weekly estimate supporting holding costs while you plan. This property suits a buyer who values optionality. You are not paying a premium for a finished home, you are buying the right to decide its future. A building inspection and a pre-approval for construction finance will convert this opportunity from theoretical to concrete.