3 New Street, Brunswick VIC 3056

Double-fronted Victorian | 3-car side drive | Leased at $750pw | No overlays | STCA potential This property presents a competitively strong offering within Brunswick’s tightly held period housing stock. Its three-car garage capacity, facilitated by a wide side drive, is a rare functional advantage in an inner-city context, directly addressing a premium pain point for owner-occupiers and enhancing rental appeal. The absence of bushfire, flood, or heritage overlays significantly reduces regulatory friction, making it a straightforward canvas for renovation or a future development site, subject to council consent. The existing lease provides immediate income, catering perfectly to investors, while the option for vacant possession attracts owner-occupiers, particularly downsizers or first-home buyers seeking a low-maintenance footprint with classic period charm in a vibrant, high-amenity location. The decision hinges on acknowledging its core risk: the 1900 build year necessitates a stringent building inspection, with potential latent defects in foundations, roofing, and services representing a material financial exposure. The single bathroom configuration, while typical for the era, caps its appeal for modern families and impacts resale liquidity relative to updated two-bathroom homes. The opportunity lies in acquiring a character-filled house on a well-proportioned block with superior car accommodation, where value can be added through a bathroom renovation or a strategic land utilization play. Proceed with a conditional offer, budget for essential updates, and hold as a high-convenience rental or a long-term lifestyle purchase with clear upside through modest capital improvement.