20 Merribah Way, Truganina VIC 3029

Four-bedroom house on 500m² land | Recent full rebuild | Strong resale history | In established Truganina street This property presents a competitively strong offering as a modern, detached house on a full-sized block, a configuration becoming rarer in newer estates. The significant price uplift between its 2017 land sale and 2023 resale demonstrates the value added by the construction and confirms solid demand for turnkey homes in the area. It serves owner-occupiers seeking space and investors targeting family rental demographics. The primary risk is the substantial price growth already captured, compressing near-term capital gains, and the lack of data on build quality and finishes. The opportunity lies in securing a relatively new dwelling without construction delays. The commercial logic supports a purchase at the lower end of the quoted range, positioning it as a long-term hold for either rental income or established family living. Sales history indicates consistent capital growth: – 2010: $340,000 (Existing house) – 2017: $480,000 (Vacant land) – 2023: $660,000 (New house) This trajectory, with a 94% increase since 2010 and a 38% jump post-rebuild in six years, validates the underlying land value and the premium for a modern build. It sets a credible baseline for the current asking price.