6 Barcelona Avenue, Keilor VIC 3036

1960 modernist cul-de-sac | 581m² block with renovation scope | 253m² oversized interior | premium Keilor location near reserve and school The property’s competitive strength lies in its rare combination of a generous 581m² block and a substantial 253m² building footprint within a quiet cul-de-sac, offering significant renovation or extension potential (STCA) that most nearby homes lack. The large main bedroom with ensuite, solid hardwood floors, and established alfresco deck provide immediate livability while the oversized carport and powered workshop add practical utility. This house is best suited for a buyer seeking a long-term family home in a strong school catchment, where they can add value through targeted upgrades rather than paying a premium for a finished product. The primary risk is the 1960s original condition requiring investment in modernisation, particularly the kitchen and bathrooms, which will cost approximately $80,000–$120,000 for a full refresh. The absence of heritage or flood overlays simplifies approvals, but buyers should budget for potential structural updates given the property’s age. With an estimated rental yield of 3.2%–3.45%, the house offers a modest holding income if not immediately occupied. Hold this property as a medium-term renovation play, capitalising on the land-to-building ratio and cul-de-sac positioning for future equity growth.