21 Stanhope Road, Rushworth VIC 3612

Risk of land size error | large block value intact | market growth prime risk | no recent sales corridor | limited buyer data The property’s pricing relies heavily on the confirmed large block and dual street frontage, but the land discrepancy between 1,822m² and 1,676m² introduces a valuation risk that could narrow margins by up to $15,000 at current rates. With no recent sale or rental history for this specific house, the value is inferred from similar properties on the street, which have experienced 21% annual growth in one case. This house is best held as a long-term land bank, not a flip, given its dated brick structure and modest floor size. Competitively, the large block and dual street frontage are rare in Rushworth, giving a buyer subdivisional potential or future development upside that few 3-bedroom houses on the market offer. The sunroom adds usable living space without increasing tax footprint, and the established brick construction reduces maintenance risk. This property suits a patient buyer willing to leverage land value over time, ideally an investor or owner-occupier with renovation appetite. Comparable sales on Stanhope Road: No. 15 sold June 2024 at $297,500, representing 21.65% annual growth from 2022 purchase. No. 70 sold April 2024 at $310,000 with rental yield of 6.21%. These values support a current range of $295,000 to $355,000 for a similar block. The inference for this property is that its price sits at the lower end of that range, given its older condition and lack of recent renovation, making it a viable entry point for land-driven appreciation. To proceed, verify the exact land size via title search and check for any planning overlays on the dual frontage before making an offer.