40 Atkinson Street, Templestowe VIC 3106

5 bed family layout | 1200sqm land in tightly held pocket | moments to village and parklands | self-contained living potential This property presents a competitive position for a large or multi-generational family seeking space and location over new construction. Its approximately 1200sqm allotment is significantly larger than typical Templestowe holdings, offering rarity value and flexibility. The multiple living zones and self-contained area support diverse household needs, while the proximity to Templestowe Village and Westerfolds Parklands provides immediate lifestyle amenity without reliance on distant infrastructure. It serves a buyer prioritizing land size and functional layout in an established, convenient neighbourhood. The decision hinges on reconciling its aged construction, unspecified bushfire risk, and a value gap between the estimated price and the listed single price. The 1970s build necessitates rigorous building and pest inspection due diligence, a cost the buyer must bear. The opportunity lies in acquiring a substantial land parcel in a tightly held location, with the commercial logic of future subdivision or renovation subject to zoning checks. Proceed with a focus on verifying its true market valuation through comparable sales analysis and a detailed report covering locality-specific risks, insurance implications, and construction integrity.