32 Arthur Street, St Albans VIC 3021

Corner block | dual income potential | large land holding | data discrepancies require due diligence This property presents a strong opportunity based on its land configuration and functional layout. The 888 square metre corner block in a standard residential zone offers rare sub-division or dual occupancy potential, subject to council approval, which is a significant value lever not commonly available. The house itself, with multiple living zones and reported four-bedroom configuration, is functionally suited for extended families or generating dual rental income, creating immediate utility. Its position within the St Albans North Primary school zone adds a stable demand driver from family buyers. This combination of land economics and flexible accommodation serves investors seeking development optionality or owner-occupiers planning for multi-generational living. Proceed with a disciplined focus on verifying the physical asset, as core data inconsistencies on bedroom count, building size, and bathrooms indicate either poor records or an unapproved dwelling modification, representing a material valuation and finance risk. The commercial logic is to capitalise on the corner lot’s development premium, but this requires a pre-purchase town planning assessment. Adjacent sales, while limited, show strong activity; the recent $690,000 sale of a three-bedroom apartment at 1/65 Arthur Street provides a benchmark for a smaller, newer dwelling, suggesting the subject property’s land mass justifies its price guide. Given the discrepancies, the judgment is to treat it as a land play with a existing house; its highest use is likely as a hold for future development or substantial renovation, not as a passive rental.