40A St Elmo Road, Ivanhoe VIC 3079

New build 2022 | 4 bed 3 bath | pool & solar | prime school zone | no overlays This property presents a competitively modern, low-maintenance offering in a well-established suburb. Its 2022 construction date means significant capital works are likely deferred for a decade or more, a key advantage over older stock. The configuration of four bedrooms and three bathrooms is strong for family living or flexible use, enhanced by the inclusion of a swimming pool and solar panels. It is squarely positioned for buyers seeking a turnkey solution within the catchments of Ivanhoe Primary and Thornbury High, with the absence of bushfire or heritage overlays simplifying the ownership experience. The primary compromise is the significantly smaller land parcel at 394m² compared to the older, larger neighbouring lots, which may cap long-term land value appreciation relative to the area. The estimated value variance between sources indicates market uncertainty, possibly due to its newer, off-market status. This property is best acquired with a focus on its utility as a long-term family home, not as a land banking opportunity. Proceed if the modern amenities and school access align with your needs, but adjust your offer to reflect the land size constraint and the premium typically attached to new builds.