36 Lilian Parade, Eltham VIC 3095

Prime location on a generous block | walking distance to schools and village | strong family demand in Nillumbik | classic brick house ready for transformation This property offers a rare combination of a large 872 square metre allotment within walking distance of both Eltham East Primary and the village precinct. For a buyer seeking a foothold in a tightly held family corridor, the land component alone provides a structural advantage over newer or smaller offerings in the area. The classic brick construction reduces immediate structural risk, allowing the buyer to focus on cosmetic and functional upgrades rather than major remediation. This house is best suited to a family or investor willing to invest time in renovation, with the school zoning adding long-term resale depth. The primary risk is the absence of recent comparable sales data for Lilian Parade, which makes precise valuation difficult and may lead to a longer holding period if the market softens. The property has not been updated since at least 2003, so a full kitchen and bathroom renovation should be budgeted for, along with potential electrical or plumbing work. The opportunity lies in capturing equity through a phased renovation, prioritising the interior layout and street appeal. Hold this property as a medium-term renovation project and sell into the next upswing, or retain as a high-land-value family home with strong school catchment demand.