31 Eyebright Square, Hallam VIC 3803

Large 817sqm block in Hallam | 3-bedroom house with 152sqm floorplan | 90% owner-occupied street | long-term residents dominate the area. This property sits on one of the larger blocks in Eyebright Square, where 76% of residents are long-term holders, which typically suppresses turnover and supports price stability. The 152sqm floorplan is generous for a three-bedroom house, and the owner-occupied majority signals a well-maintained, low-conflict street. The property serves best for a buyer seeking land content in a corridor where median house prices sit at $740,000, giving this house a potential land-value advantage over newer, smaller allotments nearby. The main risk is the 1997 sale date, meaning the house likely lacks contemporary finishes and may require capital for updates, which the buyer must price into their offer. The quiet square positioning reduces traffic noise but also limits walkability to shops or transport, so a car-dependent household is assumed. The opportunity lies in holding for medium-term land appreciation, given Hallam’s 89 sales this year and 64% clearance rate, indicating steady demand. Use this property as a land-hold with rental income potential while the suburb absorbs density pressure from Fountain Gate’s growth corridor.