22 Bakewell Street, Tooradin VIC 3980

Large block in established street | 3-bed configuration below street norm | Strong parking provision | Tenure suggests stable neighbourhood This property presents a competitively strong land position within a settled streetscape, where the 1012m² parcel matches the largest lots on the street. The four parking spaces exceed typical provision for a three-bedroom house, offering practical utility or storage potential that aligns with higher-value sales in the area. This house serves a buyer seeking entry into a street of long-term residents, with the land component providing a fundamental value buffer and future flexibility that smaller lots cannot offer. The configuration, however, positions it below the prevailing bedroom count of recent premium sales, which typically command higher prices through superior accommodation. The primary decision hinges on accepting a configuration that is demonstrably at the lower end of the street’s spectrum in a market that rewards bedroom count. This imposes a resale ceiling relative to the four- and six-bedroom houses that have achieved the street’s peak prices. The opportunity lies in acquiring a large, standard block at a price point defined by the existing dwelling’s limitations, with commercial logic favouring either long-term occupation while capitalising on the land holding, or a future improvement program to align the accommodation with the asset’s underlying land value. Acquire for land security and hold for incremental growth, or plan for a strategic upgrade to realise the lot’s full potential. Recent sales on Bakewell Street provide a clear value framework: – 5 Bakewell St: $630,000 (May 2025) – 3 bed, 1 bath, 5 parking. – 3 Bakewell St: $800,000 (Apr 2025) – 2 bed, 4 bath, 2 parking. – 10 Bakewell St: $865,000 (Feb 2025) – 6 bed, 2 bath, 2 parking. – 13 Bakewell St: $800,000 (Jun 2024) – 4 bed, 2 bath, 4 parking, 1012m² lot. – 28 Bakewell St: $760,000 (Jun 2024) – 3 bed, 1 bath, 7 parking. – 30 Bakewell St: $1,390,000 (Nov 2023) – 4 bed, 3 bath, 1 parking. The sales cluster indicates three-bedroom, one-bathroom houses have transacted between $630,000 and $760,000, firmly anchoring this property’s listed range. Its value inference sits at the upper end of that band, justified by its large block and superior parking, but it cannot reasonably command prices associated with four-bedroom homes on equivalent land.