144 Lorne Street, Fawkner VIC 3060

Renovated period home | 727m² large block | 4 beds, 2 baths, 4 car | North-facing deck | Fawkner Primary zone This property presents a competitively strong offering due to its combination of a fully renovated interior on a significantly larger than typical block. The 727m² land parcel is a key differentiator in a suburb where newer stock often sits on smaller lots, providing immediate scarcity value. The comprehensive modernisation, including multiple living zones and four car spaces, positions it ideally for a family seeking both character and contemporary convenience within the catchment of local schools. The primary risk is the premium pricing implied by the guide, which must be validated against achievable sale prices, not just listed guides. The opportunity lies in securing a turnkey, sizeable family home where the land component alone provides a durable value floor. The commercial logic supports a long-term hold to amortise the renovation cost, making it a sound primary residence rather than a short-term investment. Proceed only if the auction price aligns with the upper range of recent settled sales, not aspirational listings. Nearby listings provide context: 21 Lorne Street (406m², $849k-$899k) and 103 Lorne Street (606m², $735k-$795k). This subject property commands a higher guide justified by its larger land area, superior parking, and full renovation, but final value hinges on the auction result versus these active comparables.