40 Alfred Street, Templestowe Lower VIC 3107

Large 727m² block with 17.7m frontage | no overlays constrain future options | family zoning for Templestowe Valley Primary and College | ducted cooling and heating plus outdoor entertaining area This property presents a rare buying opportunity in Templestowe Lower primarily because of its substantial 727m² parcel with 17.7 metres of frontage and no bushfire, flood, or heritage overlays detected. The configuration suits a family seeking immediate comfort with built-in robes, floorboards, and a fully fenced outdoor entertainment area, while the land-to-building ratio of 41% coverage leaves meaningful scope for future reconfiguration or extension. The school zoning for Templestowe Valley Primary and Templestowe College strengthens its appeal to owner-occupiers, and the 5G connectivity adds a modern convenience that supports working-from-home arrangements. The primary risk is that the 2015 purchase price of $1,400,000 suggests the current asking may not reflect recent market softening in the eastern suburbs, and the absence of recent comparable sales data makes it difficult to confirm whether the vendor’s expectations align with current buyer sentiment. However, the lack of planning constraints and the strong land component mean this property holds its value better than improved homes on smaller blocks. A buyer should hold this property for at least five years to capture the land uplift, or pursue a renovation strategy that capitalises on the existing ducted heating and cooling infrastructure.