24 Salisbury Street, Coburg VIC 3058

Freestanding house on 470m² | Coburg High catchment | Flood overlay flagged | Auction campaign underway This property offers a rare combination of a freestanding house on a usable 470m² lot within walking distance of Coburg High School, making it a strong candidate for families seeking long-term hold potential. The 41% site coverage and 7m roof height suggest scope for future reconfiguration or extension, which gives a buyer more optionality than many comparable listings. The street profile shows high owner-occupation and limited turnover, which typically supports stable value growth and reduces speculative pressure at auction. The flood overlay is the primary risk and should be investigated through a property report and insurance quotes before bidding, as it may affect financing or resale appetite. The agent price guide sits below the Domain PTV estimate, which may indicate a strategy to draw multiple bidders rather than a discount. The rental yield at $760pw is modest for the price bracket, so this is best held as a primary residence with a view to adding value over time rather than as a short-term investment play.