3 Bougainvilia Avenue, East Side NT 0870

3 bedrooms | 834m² large block | 3 car spaces | East Side location This property presents a strong land position within a consistent, established streetscape, with its three parking spaces offering a practical advantage over most comparable houses in the area. The lot size is directly in line with the local standard, reinforcing its core appeal as a family home on a generous parcel. It best serves an owner-occupier seeking space and stability, where the premium for the extra car accommodation and the predictable suburban character justify a price above the lower-end comparables, but well below the outlier listing at number seven. The primary risk is its valuation against a compressed market, where a nearby, well-appointed house with similar fundamentals achieved an offer near $479,000, creating a significant anchor. The $695,000 ask must be justified by superior condition, renovation, or an irreplaceable attribute not present in the data. The opportunity lies in securing a above-average configuration in a high-supply suburb; with 48 similar houses listed, disciplined negotiation is not just possible but expected. Acquire only at a price that reflects the demonstrable sale evidence, not aspirational listings, and hold for long-term land value accretion over any short-term speculative gain. Recent comparable sales on the same street provide critical context: – 11 Bougainvilia Avenue: 3 bed, 1 bath, 2 car spaces, 816m², under offer at $479,000. – 7 Bougainvilia Avenue: 3 bed, 1 bath, 1 parking, 825m², listed at $890,000. – 5 Bougainvilia Avenue: 3 bed, 2 bath, 2 car spaces, 824m². This data firmly establishes the value corridor for a standard three-bedroom house here, making the $479,000 under-offer figure the most relevant benchmark. The subject property’s extra car space and slightly larger land size command a premium, but the $890,000 listing is an extreme outlier that should be disregarded. A credible valuation sits meaningfully above the lower benchmark but requires clear justification for any figure approaching $700,000.