5 Vandelay Avenue, Charlemont VIC 3217

New build | 4 bed on 390sqm | 64% coverage | no overlays | Armstrong Creek school zone This property offers a rare combination of a brand-new build with a compact, low-maintenance footprint and generous internal space across two living areas. The high land-to-building ratio and absence of bushfire, flood, or heritage overlays reduce holding risk and improve resale appeal. It suits a family or investor seeking a turnkey house in a growth corridor with strong owner-occupier character and established school catchments. The main risk is the premium over estimated value, which may compress short-term capital gain. The 64% site coverage limits future extension potential, and the street’s 90% owner-occupier profile suggests limited rental demand depth. However, the property’s modern configuration and FTTP connection support stable long-term holding. Buyers should negotiate firmly toward the lower end of the price guide and plan to hold for at least five years to absorb initial cost.