3 Paris Court, Mooroolbark VIC 3138

5 bedrooms on 707sqm in Blue Ridge estate | 331sqm building with 47% site coverage | 7m roof height at 139m elevation | No overlays in Yarra Ranges This property offers a rare configuration edge in Mooroolbark: a five-bedroom house on a full 707sqm lot with no bushfire, flood, or heritage overlays, which is uncommon in the Yarra Ranges. The 331sqm building with 47% site coverage and 7m roof height signals generous internal volume and potential for future subdivision or extension, though buyers should verify council allowances. The tree-lined court location and established gardens with fruit trees and veggie patch appeal to families seeking immediate amenity. The property best suits a buyer wanting a large family home with room to add value through renovation or subdivision, given the 2003 last sale date suggests deferred maintenance. The key risk is the listing price sits above the estimated value range of $1.09m-$1.43m, which may limit capital growth in the short term given the 8.3% suburb growth rate. The 3.9% rental yield is below market average, so this is not a strong investment play. However, the 5G coverage and NBN Fibre to the Curb support remote work, and the walk to Summerhill Park adds lifestyle appeal. The opportunity lies in the 707sqm lot with no overlays, which could support a future subdivision or granny flat, though buyers should commission a feasibility study. Hold this property for at least five years to capture the Blue Ridge estate premium and allow the deferred maintenance to be addressed through staged renovations.