21 Thurloo Street, Chadstone VIC 3148

3 bed, 1 bath, 604sqm | Monash zoning, no overlays | single level, well maintained | expansion or redevelopment ready The property’s primary buying case rests on its 604 square metre landholding in a tightly held Monash pocket, where subdivision or significant extension is plausible given the absence of bushfire, flood, or heritage overlays. The single-level layout and 51% building coverage leave meaningful room for value-add work, and the existing three-bedroom configuration is functional enough for immediate occupation while plans are prepared. This suits a buyer who can hold through a renovation or development cycle, particularly young families or investors who see the land as the real prize. The main risk is the single bathroom, which limits appeal for families and may require a costly addition to achieve market parity. The NBN and 5G connectivity are minor conveniences, not price setters. The opportunity lies in either a rear extension to add a second bathroom and open-plan living, or a full knockdown rebuild if council permits higher density. Hold the property for at least three to five years to capture land appreciation and recoup improvement costs.