259 Serpells Road, Templestowe VIC 3106

Elevated family living | Templestowe school zone | 785sqm with basement | long market exposure The property’s primary buying case rests on its rare combination of a Serpell Primary and East Doncaster Secondary College zoning with a substantial 785sqm block and a full basement,features that are competitively scarce in this price tier. The 340sqm floorplan, with four oversized bedrooms plus a study that works as a fifth bedroom, three bathrooms, and multiple living domains, directly serves growing families who prioritise school catchment and space over a turnkey modern finish. The undercover alfresco and landscaped garden add livability without requiring immediate work, and the reliable NBN and 5G coverage support home-office flexibility. This property is best suited to buyers who value long-term school access and are prepared to hold for five to ten years. The extended listing period,over a year on market,signals that the current asking range is above what the market has been willing to pay, and this creates a genuine negotiation opportunity for a buyer who can move decisively. Comparable estimates from property.com.au and Domain suggest fair value sits between $2.0m and $2.18m, meaning the upper end of the list price carries a premium that may not be supported by recent sales evidence. The absence of overlay risks is a positive, but the 43% site coverage and three-level layout limit future redevelopment potential, so this is a home to live in and enjoy, not to subdivide. The rental estimate of around $1,000 per week provides a modest holding buffer if needed. Approach with a pre-approved finance and an offer anchored to the lower end of the valuation range.