15 Lowan Avenue, Templestowe Lower VIC 3107

Renovated mid-century sanctuary | Panoramic mountain views | 4-bed family layout | 691m² lot with low coverage | Templestowe Valley Primary zone This property’s competitive edge lies in its rare combination of a fully renovated mid-century shell with expansive treetop and mountain views—features that are difficult to replicate in this corridor. The 30% building coverage on a 691m² block signals future flexibility, whether for a pool, studio, or extension, and the low site coverage preserves a sense of privacy and garden space that families in this bracket prioritise. Zoning for Templestowe Valley Primary and Templestowe College adds to its appeal for buyers with school-aged children, while the absence of overlays reduces transaction friction. It serves best a professional couple or family seeking a move-in-ready home with long-term spatial upside, not a renovation project. The primary risk is the conflicting sales history and the possibility that the 2017 purchase price of $1.1m for a 3-bed configuration may have been for a different dwelling, creating valuation ambiguity. Without verified rental history or recent comparable sales, the buyer must rely on the median benchmark of $1.405m for 4-bed houses, which this property likely exceeds due to its renovation and views. The auction date in mid-May creates a tight window for due diligence—commission a building and pest inspection immediately and review the title for any unlisted easements. Hold this property as a core family home; its scarcity in form and position supports steady capital growth without over-reliance on rental yield.