21 Drysdale Avenue, Taylors Lakes VIC 3038

Prestige estate | Land size rare at 1539m² | Soaring ceilings, intricate finishes | Listed 40% above estimated value | No overlays This property presents a commanding, single-level residence on an expansive allotment within a sought-after estate, a combination increasingly scarce in this market. Its grand proportions, first-class fit out, and extensive amenities like a rumpus room and study cater specifically to a family seeking space and premium finishes. The substantial land holding of 1539m² offers inherent value and future flexibility that typical suburban stock cannot match, serving as the core of its investment proposition. The primary risk is its current listing price, which sits significantly above both its estimated value and the established median for four-bedroom homes in the area, challenging its immediate bank valuation and your equity position. This premium demands a long-term hold to justify the entry cost, banking on land appreciation within the prestige estate to offset the initial outlay. Acquire only if you intend to occupy and enjoy the property for a decade, treating the premium as payment for an exceptional lifestyle asset. Recent sales data indicates a median price of $1.01 million for similar four-bedroom houses in Taylors Lakes over the past year. This establishes a clear benchmark, against which this property’s asking price represents a substantial premium, necessitating the exceptional land size and finishes to rationalise the difference.