23 Alexander Avenue, Wallan VIC 3756

4-bed 2-bath 220sqm on 401sqm | 4yo build near Wallan station | 2 living areas plus rumpus | FTTP and no flood risk This house offers a rare combination of new build size and usable layout in a market where most 4-year-old homes compress living space. The two separate living areas plus a rumpus room give it a configuration edge over comparable stock, which typically offers only one open-plan zone. For a family buyer needing separation between adult and children’s space, or someone working from home who requires a dedicated room, this floorplan eliminates the need for future alterations. The fully fenced yard and outdoor entertainment area further reduce post-purchase spend. The property suits owner-occupiers who value immediate move-in readiness and functional zoning over land area. The main risk is the 401m² lot, which limits future subdivision potential and may feel constrained for buyers accustomed to older blocks. However the 55% site coverage is efficient and the 6m roof height adds volume. The suburb’s 95% owner-occupier street profile supports stable demand, and the 42% auction clearance rate suggests a balanced market. The property should be held as a long-term family home rather than a flip; rental yield of 4.4% provides a floor if circumstances change. Buyers should verify the rumpus room’s heating and cooling coverage before settlement