39 Blackwood Road, Lara VIC 3212

4 bed with ensuite & WIR on entry | low-maintenance 393m² block | well-established estate | recent construction circa 2021 This property presents a competitively strong offering for a buyer seeking modern, low-maintenance living in an established estate. The master suite positioning and dual living areas are efficient for a growing family, while the sub-400m² block reduces upkeep. It serves buyers transitioning from apartments or seeking a newer home without garden burdens. The price guide aligns with the current estimated value, indicating market recognition of its configuration and age. The primary risk is the compressed capital growth typical of smaller lots in Lara, which may underperform larger blocks over time. The opportunity lies in acquiring a near-new house without construction risk. It is judged a hold for five to seven years to absorb initial depreciation, suited as a primary residence rather than a short-term investment. Recent comparable sales data is limited for this specific address, but a nearby listing at 46 Blackwood Road is marketed between $719,000 and $769,000, providing a direct benchmark. The subject property’s land was purchased for $256,000 in 2020, with the completed house now reflecting the added value of construction. This supports the current price guide as a credible market entry point.