16 Madden Grove, Kew VIC 3101

Large family home | Established Kew street | Last sold 1994 | Significant value range This house presents a substantial, established holding in a premier Boroondara location, with its core strength being the 745 square metre land parcel in a tightly held Grove. The property type and block size inherently cater to a buyer seeking a long-term family residence with redevelopment or renovation potential, given the extended period under single ownership. The varied bedroom counts reported across sources suggest a configuration that may require verification, but the fundamental offering is one of space and location. The primary risk is the absence of recent sales history for this specific property, creating valuation ambiguity within a broad estimated range. This necessitates a premium on due diligence to assess renovation needs and potential capital outlay. The recent sale of the neighbouring property at a strong price point establishes a compelling benchmark for the street’s achievable value, supporting a long-term hold strategy. Acquire this for land value and positional permanence, with a view to modernising the existing dwelling. Nearby sale at 15 Madden Grove provides a direct benchmark: a four-bedroom home sold for $3,600,000 in September 2025. This transaction, significantly above the upper estimate for the subject property, indicates strong demand for quality homes on this street. The disparity underscores the value gap potentially presented by the subject’s unrenovated state, framing it as an opportunity for value addition.