41 Emerald Avenue, Macedon VIC 3440

Large elevated block in Macedon heart | 1866m² established gardens | Cherished original home | Solar panels | Bushfire overlay This property presents a rare opportunity to acquire a substantial, character-filled family home on a large, elevated parcel within walking distance of Macedon’s village centre. The combination of a 1866 square metre block, a 375 square metre house, and established gardens in this tightly held location is competitively strong and typically appeals to buyers seeking space, convenience, and character. It serves a buyer looking for a long-term family home with room to grow, capitalising on the scarcity of larger allotments so close to the township. The primary decision factor is the bushfire overlay, which introduces insurance complexity and potential build-cost premiums for any future renovations. The 1990 last sale date indicates a vendor likely seeking significant capital growth, anchoring the price expectations. Given the estimated rental yield range of 3.9% to 4.9%, it holds logic as a long-term hold for owner-occupation, where the land component drives the investment thesis. Proceed with a specific bushfire construction assessment and view the price through the lens of land value in a premium location. Recent comparable sales data within a 5km radius is limited to fewer than three properties, as per the agent’s Statement of Information. This scarcity of direct comparisons makes precise valuation challenging and underscores the unique nature of this offering. For a buyer, this necessitates a valuation focused heavily on the land size and location premium relative to the broader Macedon market, rather than recent like-for-like sales.