4 Hanover Court Avondale Heights VIC 3034

Brand-new luxury | 4 bed, 3 bath | 326m² lot | Avondale Heights | Near parklands & schools This property presents a competitively strong offering as a brand-new, turnkey family residence in a premier northside locale. Its configuration, with a ground-floor guest suite and palatial main suite upstairs, targets elite family living, while the high-spec finishes and expansive living areas deliver immediate luxury. The smaller lot size is offset by a 72% building coverage, maximizing the internal living space which is rare for new builds in the area. The primary decision involves the premium paid for a new build on a modest block, as comparable land sales indicate significant underlying land value appreciation. This positions the property as a long-term hold for capital growth, best utilized as a primary residence to fully leverage its amenity. A professional valuation and locality risk assessment are essential to contextualize the asking price against recent land sales and confirm the absence of development overlays. Recent sales at this address provide useful context: – 4 Hanover Court sold for $1.02m four years ago as land. – 4A Hanover Court holds an estimated value of $1.65m on a much larger 1,711m² lot. This illustrates the value attributed to land in the area, suggesting the current asking price incorporates a substantial premium for the newly constructed dwelling. Propcred can precisely determine if this premium aligns with market norms and verify construction quality and insurance considerations.