13 Monaghan Close, Traralgon VIC 3844

Large family home on 815m² | sought-after court position | inground pool & substantial shed | zoning supports future potential. This property presents a competitively strong offering for a family seeking space and amenity in a stable residential setting. Its core strength lies in the combination of a generous 815-square-metre block in a quiet court with a comprehensive, move-in-ready package of four bedrooms, dual living areas, and premium inclusions like ducted heating and an island kitchen. The substantial outbuilding and secure side access cater specifically to buyers with caravans, boats, or significant storage needs, a practical feature not commonly found in newer estates. The absence of restrictive overlays and its GRZ3 zoning provide a clear path for future extensions or subdivision, subject to council approval, enhancing its long-term utility. It serves the established family segment most effectively, where the pool, shed, and multiple living zones deliver immediate lifestyle utility that justifies the maintenance burden of a larger parcel. Proceed with the understanding that its value is pegged against older stock in Traralgon’s south-west, not new builds, and requires validation against recent sales. The primary risk is price ambiguity, created by a fluctuating listing history and a last sale in 2007, which obscures true market calibration. This necessitates a disciplined comparative analysis; the listed comparable at 30 Chenhall Crescent suggests a premium for newer construction, while the larger block at 12 Phillip Street at a lower price highlights the discount applied to older dwellings. The opportunity lies in acquiring a large, configured property where the land component and functional improvements like the pool and shed are intrinsically valued, not in speculative zoning plays. The commercial logic is to hold as a long-term family home, capitalising on its liveability and the land bank, not as a short-term rental investment given the suburb’s modest yield. The judgment call is to treat it as a lifestyle purchase with underlying land value, where any offer must be anchored by direct sales evidence from the past six months, not listing aspirations. * **1/12 Monaghan Close:** 3 bed, 2 bath, 1 car on 320m². Estimated value ~$531,000. Demonstrates a clear price gradient for smaller lots on the same street. * **30 Chenhall Crescent:** 4 bed, 2 bath, 2 car on 421m². Listed at $990,000 (under contract). Indicates a market premium for newer builds on smaller parcels. * **12 Phillip Street:** 3 bed, 2 bath, 2 car on 714m². Listed at $749,000. Highlights that larger, older homes on big blocks trade at a significant discount to list prices of modern equivalents. This comparison suggests the subject property’s value sits between the older, larger-block homes and the newer, turn-key listings, with its final price heavily influenced by its updated condition and unique amenities like the pool and shed.