15 Mikado Street, Hadfield VIC 3046

Large 696m² lot in flood zone|Original timber house with Art Deco details|2-bed entry-level option|Renovation potential on level block | This two-bedroom house on a 696m² block suits downsizers or first-home buyers seeking space for extensions in a family-oriented area. The generous land size stands out on its street, offering practical scope for off-street parking, outdoor living or future development while the modest building coverage leaves room to expand without overcrowding the site. As an original timber construction with period features like polished floors, it appeals to buyers who value character homes that can be modernised cost-effectively, rather than move-in ready options. In Hadfield’s stable market, similar two-bedroom houses on larger lots attract investors eyeing rental yields around $550 weekly or owner-occupiers planning personal touches. Its position near schools like Belle Vue Park Primary enhances family viability, positioning it ahead of tighter urban blocks nearby. Flood overlay introduces caution for some, yet reliable NBN and 5G coverage supports modern living needs. Properties like this hold value through land banking potential, as Hadfield’s proximity to amenities sustains demand from young families and renovators. Long-term, the flat 696m² allotment ensures flexibility amid suburb growth, making it a pragmatic hold in a market favoring spacious originals.