51 Melissa Street, Strathmore VIC 3041

Near reserve | Recent reno? unknown | Risk of overpaying near top | Brief market time This property’s strongest risk is that it has been on market only four days during a flat suburb, meaning the seller expects a sharp test of demand near the upper guide. The primary cost to a buyer is paying a premium at auction without confirmed recent comparable sales for this townhouse type — the nearest sold, a smaller two-bedroom at 3/30-32 Melissa Street for $740,000, suggests a gap requiring evidence of value for four bedrooms at a 20–30% premium. The opportunity lies in the separately-titled block and reserve position, which typically hold better in a softening market. The judgment: buy only if bidding finishes below $950,000; otherwise, let this pass and watch for a post-auction re-listing. What is competitively rare here is a low‑maintenance, four‑bedroom townhouse on its own title directly opposite a reserve in Strathmore — features that usually sustain both family appeal and buyer competition during inspection. The floor area of 115–117m² and building coverage near 68% point to efficient space over land, which best serves a downsizer or professional couple wanting lock‑and‑leave proximity to good schools without shared walls. For a buyer who values position over square metres, this property rewards a disciplined bid cap — set one before Saturday and walk if it breaks.