48A Walters Avenue, Airport West VIC 3042

Brand-new single-level | 3 bed 2 bath | 348m² lot | Essendon-edge position | High-spec finish This property presents a competitively strong proposition due to its brand-new, single-level configuration in a family-oriented location on the exclusive Essendon fringe. Its bespoke design, comprehensive inclusions, and entertainer’s layout serve growing families seeking a modern, low-maintenance residence without compromise. The smaller lot size is offset by the premium finish and positioning, which aligns with buyer demand for turnkey homes in established suburbs with strong amenity. The primary risk is the compressed land component relative to typical local stock, potentially capping long-term capital growth against larger-block properties. The estimated rental yield is modest, positioning this house as a capital-growth-oriented purchase. Proceed via private negotiation below the estimated high range, targeting a hold period that leverages its new-build status in a tight rental market before eventual equity release. Recent comparable sales in Niddrie and Essendon, including units and houses, show a price range broadly consistent with this property’s guide. For example, 2/28 Haldane Road Niddrie and 9 Mountain Street Essendon indicate sustained buyer demand for three-bedroom homes in this precinct. This market activity supports the valuation thesis for a new build in this location.