5 Dixon Place Lilydale VIC 3140

New build on 676m² | 4 bed family design | Priced above suburb median | Land value anchors listing This property presents as a recently developed family house on a substantial block, with its design emphasising space and functionality. The price guide positions it above the Lilydale median, a premium justified by its new condition and land size, making it a strong candidate for a family seeking a turnkey residence in this market. The core appeal is the combination of a completed development on a parcel where the land alone carries significant estimated value. The primary risk is paying a new-build premium in a suburb where established stock defines the median; the upper price guide approaches the land’s estimated ceiling. This property is best held as a long-term family home, not a short-term vehicle. Its value will be sustained by land content, not transient finishes. To proceed, secure an independent valuation to test the guide against recent comparable sales, and commission thorough building inspections for a property of this age. Propcred can quantify the locality risks and provide a real market valuation to anchor your offer.