2 Aldren Place, Bundoora VIC 3083

Large family home | Eight-car garage workshop | Blue-chip court | Tightly held Norris Bank area This property’s extensive secure parking and workshop space is a rare functional advantage in a suburban market, converting directly to utility for trades, collectors, or multi-vehicle families. Its elevated position in a desirable, low-turnover court within the Norris Bank catchment strengthens its owner-occupier appeal and provides a stable foundation for long-term capital growth, best serving buyers seeking space over mere square footage. The primary risk is the price tension between its premium garage offering and the core three-bedroom house, which may not command a full valuation premium in a balanced market. The opportunity lies in acquiring a uniquely configured property where the garage asset can be monetised or leveraged for future value-add. Acquire at the lower spectrum of the listed range to protect equity, then hold for the duration of its school catchment utility. Recent comparable sales in the immediate vicinity provide a tangible benchmark: – 6 Hutchins Circuit, Bundoora: Sold for $1,030,000 (3 beds) – 4 Aldren Place, Bundoora: Sold for $855,000 (3 beds) – A third unspecified comparable property sold for $938,000 These sales indicate a strong market for three-bedroom homes in this pocket, with the higher sale at 6 Hutchins Circuit suggesting a potential ceiling. This property’s asking range appears positioned to reflect its substantial garage addition against the more basic comparable at 4 Aldren Place.