19 Koroit Street, Nunawading VIC 3131

Elegant weatherboard classic | 688m² lot in family pocket | No overlays | Zoned for established schools This property presents a competitively strong offering due to its larger-than-average block in a sought-after location, free of development-inhibiting overlays. The classic weatherboard construction with period features appeals to buyers seeking character, while the zoning for established state schools directly targets family demand. It serves the long-term owner-occupier best, providing land content and locational stability that underpins capital growth. Key decision factors include the single bathroom configuration, which imposes a renovation cost for modern family living, and the compressed gross rental yield, limiting investment appeal. The opportunity lies in the significant appreciation trajectory evidenced historically, suggesting strong locational demand. Acquire this as a long-term hold with a view to modernise; its value is in the land and location, not its current income. A tailored property report would verify the precise market valuation against recent sales and detail locality-specific risks for insurance. * **9 Koroit Street:** Sold for $1,235,000 (Nov 2024). 4 beds, 2 baths. Indicates strong buyer demand for the street, with a premium for an extra bathroom. * **19 Koroit Street (History):** Sold for $866,000 (Dec 2014). 39% appreciation over ~11 years demonstrates robust long-term capital growth in this pocket. This comparable data anchors the current asking price, confirming the market’s upward momentum and setting a value benchmark near the top of the advertised range for a similar, updated property.