287 The Boulevard, Ivanhoe East VIC 3079

Large block | low site coverage | premium suburb | dated single bathroom | auction risk Given the 1,144m² lot with only 19% site coverage, a buyer is paying for undeveloped land rather than finished living space. The single bathroom is a functional constraint for a family house in this price bracket, meaning renovation or extension costs must be factored into the acquisition price. The high confidence estimate of $2.63 million sits above the suburb median, suggesting this property demands a premium for its land size. It is held best as a long-term land bank or redevelopment opportunity, not a move-in ready family home. This property is competitively rare for its block size in Ivanhoe East, where large lots are uncommon. The primary school proximity and absence of overlays reduce holding risk and simplify future development approvals. It serves best a buyer with capital to absorb a renovation timeline, or a developer seeking to split or rebuild in a tightly held residential zone. Given the auction format and the gap between price guide and independent estimates, a pre-auction purchase strategy may secure an advantage before bidding escalates.