23 Ivory Street Cobblebank VIC 3338

4 bed family home | Willowstone Estate | 4 years old | Carlisle build | near new school zone This property offers a rare combination of near-new construction and established estate positioning. The 229-square-metre floorplan on a 350-square-metre lot achieves a 65 per cent site coverage, which is unusually efficient for this price point and signals strong internal volume without wasted land. The Carlisle Homes build quality, alongside the walkable proximity to Strathtulloh Primary and the 2026 Cobblebank Secondary College, positions this house for families prioritising school catchment certainty and low-maintenance living. The dual living areas and study nook add functional separation that competing four-bedroom builds in the area often lack. This property suits buyers who want a turnkey family home with immediate rental capacity and a clear medium-term capital growth story tied to infrastructure delivery. The primary risk is the small lot size, which limits future subdivision potential and may constrain resale appeal to buyers who prioritise land over dwelling. The 2021 purchase price and current listing range suggest modest capital growth over four years, reflecting softer market conditions in Cobblebank’s newer estates. However, the rental yield at $460 per week is solid for the price bracket, and the absence of bushfire, flood, or heritage overlays reduces holding risk. The opportunity lies in holding for the secondary college opening and the continued maturation of Willowstone Estate. Use this property as a long-term family home or a buy-and-hold rental with low vacancy risk, exiting only after the school zone effect fully prices in.