48 Murray Street, Fawkner VIC 3060

3-bed older house | sizeable block | north-facing courtyard | renovate or rebuild scope | established Fawkner pocket A solid single-level detached house is presented on a sizeable block, offering a genuinely flexible footprint in a well-settled suburb. The north-facing courtyard and functional three-bed, one-bath layout are provided for immediate liveability, while the underlying land is given optionality for renovation, extension, or complete rebuild, subject to planning approval. The strongest appeal is likely found with owner-occupiers and renovators seeking a family-scale home with space to adapt over time, rather than buyers wanting a turnkey finish. The property’s older but serviceable condition is seen as an opportunity, not a limitation, for those prepared to invest sweat equity or capital. The property’s value may be affected by the condition of its dated finishes, with capital expenditure possibly required before modernization is achieved. Renovation or redevelopment potential might be constrained by planning controls, and demand for older stock could be softened by the evolving mix of newer infill dwellings nearby. A premium may be offered for the north-facing aspect and block dimensions, but the outcome is dependent on execution. >> Comparable Sales: 42A Murray Street (similar house) and 1/60 Murray Street (recent townhouse sale) | Property Price Band: $600,000–$700,000 | Value Drivers: land size, renovation scope, north-facing courtyard