34 Marshall Street, Newtown VIC 3220

Classic weatherboard on 578sqm | tightly held Newtown pocket | four-bedroom family footprint | heritage overlay present This property offers a rare combination of generous land size and established family accommodation in a suburb where larger blocks are increasingly subdivided. The 211sqm building footprint with four bedrooms, three with built-in robes, gives immediate functional depth for a family seeking space without immediate renovation. The oversized garage and ample off-street parking are practical advantages in a neighbourhood where car accommodation is often compromised. Positioned within walking distance to Pakington Street and zoned for Chilwell Primary and Matthew Flinders Girls Secondary College, the property serves buyers prioritising school catchment certainty and amenity proximity over turnkey perfection. The heritage overlay is the primary risk—it constrains external alterations and may add cost and delay to any renovation or extension plans. The single bathroom and central layout, while workable, limit appeal for buyers needing multiple bathrooms or modern open-plan living. The rental yield at 3.22% is below the area average, suggesting the property is better suited to owner-occupiers than investors seeking cash flow. The opportunity lies in holding the property for land value appreciation or undertaking a sensitive renovation that respects heritage controls while improving liveability. Buyers should proceed with a clear understanding of overlay restrictions and a willingness to live within the existing floorplan