60 Castella Street, Lilydale VIC 3140

Weatherboard character | walk to everything | study adds flexibility | suburb median gap This property offers a rare entry point into Lilydale’s premium housing market, sitting well below the suburb median of $903,500. The weatherboard character with panelled interiors and a lounge overlooking the front garden provides a genuine point of difference from standard units in the area. The study is a practical addition for buyers needing a home office or third sleeping space, and the 343 sqm land size is workable for a single dwelling. It best suits first-home buyers or downsizers who prioritise walkability over space, given its central position near schools and amenities. The main risk is the estimated value sitting above the upper price guide, suggesting a competitive auction where buyers may pay a premium for the location. The single bathroom and one car space limit appeal for families, and the lack of recent comparable sales on Castella Street makes pricing uncertain. However, the 1-day market time signals strong demand, and the property’s proximity to Lilydale Primary School adds long-term rental or resale logic. Hold this as a low-maintenance home or a future renovation candidate once the market softens.