155 Milleara Road, Keilor East VIC 3033

4-bed house on 539m² lot | 3 car spaces | Moonee Valley | Auction sale | Last sold 1993 This property presents a clear opportunity based on its underlying land configuration and zoning position. The 539-square-metre block with only 38% building coverage in Moonee Valley council is its primary strength, offering immediate utility and future potential for a family or developer, further supported by the absence of overlays. The three-car accommodation and estimated rental yield near 4% provide a functional floor for investment, best serving a buyer seeking a land-backed holding with income. Proceed with a disciplined budget reflecting the incomplete data profile. The significant discrepancy in bedroom count and the lack of recent comparable sales introduce valuation risk, which must be costed into your offer. The three-decale ownership history suggests a well-considered auction strategy is required. Acquire this for its land bank attributes with a view to long-term hold, as the absent condition details preclude a premium for the dwelling itself.