166 Templestowe Road, Templestowe Lower VIC 3107

166 Templestowe Road, Templestowe Lower VIC 3107
Park frontage | single-level living | 23.8m frontage | redevelopment potential | updated interior The property is positioned directly opposite Birrarung Park and the Main Yarra Trail, a location advantage that is rare in standard suburban streets. Its 23.8-metre frontage on a 676-square-metre allotment provides a configuration that is both generous for a single-level family home and potentially suited for future subdivision, subject to council approval. The interior has been updated with a renovated bathroom, hardwood flooring, high ceilings, and solar power, making it liveable without requiring immediate work. This combination of parkland frontage, land size, and updated finish serves buyers who value immediate amenity and long-term optionality, including families, downsizers, and those seeking a development site. The main-road address may carry more traffic exposure than quieter internal streets, a factor that could be weighed by some buyers. The single bathroom might limit appeal for families needing multiple facilities, and the two-townhouse potential depends on council approval, introducing some uncertainty. The age of the original structure, while not specified, may imply ongoing maintenance considerations that a newer home would not.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 166 Templestowe Road, Templestowe Lower VIC 3107
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Market Insight:

Templestowe Lower is an established, family-oriented suburb with a professional demographic, underpinning stable demand for its premium housing. This owner-occupier base drives a consistent market, though recent conditions show a divergence between resilient house prices and softer unit performance, with extended selling periods for some properties. Future prospects are supported by its established character and quality education appeal, yet the market exhibits sensitivity to broader economic conditions, with sales activity showing some recent moderation.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

676mยฒ

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