38 First Avenue, Kew VIC 3101

Prime tree-lined street | solid brick family home | elite school zone | strong renovation or rebuild upside This property offers a rare combination of immediate livability and significant long-term value uplift in one of Melbourne’s most sought-after family suburbs. The classic brick construction on a generous 646sqm parcel positions it as a strong contender for buyers seeking either a straightforward renovation or a complete knockdown-rebuild. Its location in a prized tree-lined street within the Deepdene Primary and Kew High School catchments adds considerable demand depth, while the absence of overlays simplifies any future development plans. The property serves best for families wanting to secure a foothold in Boroondara with flexibility to add value over time. The primary risk is the single bathroom configuration, which limits appeal for families seeking immediate move-in comfort and may require a renovation sooner than expected. However, this also represents the key opportunity,buyers can acquire at a discount relative to renovated comparables and control the upgrade scope and budget. The elevated position and manicured gardens are genuine differentiators that will command premium interest at auction. For a buyer, this property should be held as a medium-term family home with renovation staged within three to five years, or considered for a luxury rebuild if the location warrants the investment.