18 The Grange, Lucknow VIC 3875

Large block in established estate | Single-level family home | One bathroom limits appeal | Priced near valuation | Strong rental yield potential. This property presents a straightforward purchase in a stable suburb, offering a functional three-bedroom home on a substantial block. Its core strength is the secure land component within a known neighborhood, serving buyers seeking entry into the housing market or a low-maintenance investment. The high-confidence rental estimate suggests reliable tenant demand, positioning it well for an investor or an owner-occupier comfortable with the single-bathroom layout. The primary risk is the below-market bathroom count, which caps capital growth relative to two-bathroom homes and may affect resale liquidity. The modest building coverage indicates underutilized land, presenting a logical long-term opportunity for extension or subdivision, subject to council approval. Acquire this as a long-term hold, leveraging its current yield while planning for a value-add improvement to align it with prevailing buyer expectations. Comparable sales indicate stable local values: – 17 The Grange: Estimated $487,000 (3 bed, 1 bath, 800m²). – 2 The Grange: Listed $595,000 (3 bed, 2 bath, 2 car, 726m²). The subject property’s asking price sits appropriately between these benchmarks, reflecting its larger land size but compromised amenity against the two-bathroom comparable.