250 Mcgrath Road Wyndham Vale VIC 3024

3 spacious bedrooms | 530m² large block | opposite primary school | parkland surrounds | strong rental yield This property presents a competitively strong offering based on its above-average land size for the area and its prime positioning directly opposite a primary school and parkland. The larger 530m² block provides a tangible scarcity edge over newer estates, serving families or investors seeking space and amenity. Its light-filled layout and separate living zones align with practical family living, while the current rental yield outperforms the suburb average, indicating solid income potential for an investor. The decision hinges on reconciling the listing price, which exceeds the core estimated value, against the property’s locational advantages and land premium. The primary risk is paying a scarcity premium for the block and position that may not be immediately recouped; the opportunity is securing a well-located, larger parcel in a growth corridor. Proceed with an offer anchored to the lower end of the range, targeting a hold period that capitalises on the established gardens and family appeal. A tailored property report would pressure-test this valuation against precise comparable sales and clarify any zoning or locality risks affecting your long-term cost base. Recent sales data is limited, but the property’s last sale at $385,000 in September 2019 provides a baseline. This suggests significant equity growth has occurred, underscoring the importance of validating the current price against very recent, like-for-like sales in Wyndham Vale to ensure you are not overpaying for the perceived land premium.