395 Elgar Road, Mont Albert VIC 3127

Price gap between estimates | Corner allotment adds complexity | Five-year holding needed for value | No recent floor plan available The property’s dual valuation creates immediate buyer risk: a listing guide of $1.15m–$1.25m versus a domain estimate of $1.92m signals fundamental disagreement between agent strategy and market reality. This $670k gap at the midpoint means you are either overpaying for redevelopment potential or the property is deliberately underpriced to spark bidding competition. Either way the corner site on busy Elgar Road introduces noise and privacy costs that reduce future resale appeal. For a buyer this property works best as a long-term hold or renovation project where you can force value through improvement rather than relying on passive appreciation alone The five-bedroom layout on a 732sqm corner block is genuinely rare in Mont Albert which gives you structural scarcity in a tightly held suburb. The wide frontage and period bones suggest you could either restore for family living or explore dual-occupancy upside if council zoning allows. This suits buyers who can stomach renovation disruption and have the capital to close the value gap independently. Without a floor plan or internal condition report you are buying blind so your next step must be a physical inspection paired with a builders assessment before any offer should be considered