35 Asquith Street, Kew VIC 3101

California Bungalow on parkland | 509sqm freehold in Boroondara | single-bathroom constraint | flood overlay flagged This property offers a rare configuration edge for Kew: a freestanding Californian Bungalow on 509 square metres, directly opening onto parkland. The land-to-building ratio (40% site coverage) and absence of heritage overlay give a buyer repositioning optionality that most period homes in this LGA lack. It serves best a buyer seeking a character home with future extension or redevelopment potential, rather than a turnkey family house. The parkland adjacency is a structural demand driver, not merely amenity, as it creates a permanent open aspect and buffers street noise. The single bathroom and flood overlay are the material risks. A one-bathroom house in this price band limits buyer pool depth at resale, and the flood detection may constrain insurance terms and some renovation approvals. The opportunity lies in adding a second bathroom via the existing footprint or a rear extension, which would unlock full family-market pricing. The flood risk is likely localised and manageable, but due diligence on council drainage records is non-negotiable before bidding. Hold this property for its land position and park frontage; renovate to add a bathroom, then hold or sell into the Kew family market.