50 Mcarthur Avenue, St Albans VIC 3021

Three-bedroom house on 717m² block | Five car spaces | No flood or bushfire risk | Last sold 2007 | Off-market This house presents a clear opportunity based on its underlying land value and configuration. The 717 square metre block with zoning for five car spaces is a significant and rare attribute in this suburb, offering immediate utility and future subdivision potential that typical St Albans stock does not. The absence of recorded sales for nearly two decades suggests a long-term holder, often indicating a property ripe for modernisation. It serves the land banker or renovator seeking a below-market entry point with multiple exit strategies, from holding as a rental to a value-add development play. Proceed with the understanding that the primary risk is the complete lack of current condition data, which necessitates a thorough building inspection and budget for unknown repairs. The medium accuracy valuation and conflicting details on bathrooms and parking underscore a due diligence premium. The commercial logic is in securing a large parcel at a price per square metre that compensates for the refurbishment cost. Acquire this property only if you can capitalise on its land size; otherwise, its dated improvements and single bathroom layout will underperform against modernised competitors.