296 Gaffney Street, Pascoe Vale VIC 3044

Single-level 4-bedroom on 523sqm | Strathmore Secondary zone | north-facing alfresco with BBQ kitchen | 3m ceilings and Velux windows The buying case for this property rests on its configuration as a rare single-level family home within the Strathmore Secondary College zone, a combination that typically commands a 10-15% premium over comparable two-storey alternatives in the corridor. The 3-metre ceilings, engineered timber flooring, and motorised roller shutters are not merely finishes but structural differentiators that elevate the property above the standard mid-century renovation stock in Pascoe Vale. The butler’s pantry and integrated alfresco BBQ kitchen signal a property designed for entertaining, which broadens its appeal to both young families and downsizers seeking lock-and-leave functionality. For a buyer prioritising school catchment and single-level living, this property offers a competitive edge that is difficult to replicate in the immediate market. The primary risk is the auction guide range, which sits at the upper boundary of what the 523sqm block and single-level configuration can support relative to recent sales in the zone. The property last transacted in 2014, meaning the current price reflects substantial renovation costs that may not fully translate to resale value within a five-year horizon. However, the north-facing backyard and remote-controlled gated side drive provide flexibility for future subdivision or a granny flat, should zoning permit. The double-glazed windows and zoned heating/cooling reduce ongoing energy costs, a practical advantage that strengthens the property’s hold value. Buyers should verify the Strathmore Secondary College enrolment boundary remains unchanged and assess whether the home office can serve as a fifth bedroom to maximise utility.