60 Soudan Road, West Footscray VIC 3012

3-bedroom house | West Footscray | 465sqm block | premium positioning above median The property’s primary competitive advantage is its land size on a 465sqm block in West Footscray, where the median house price sits at $910,000 and demand is supported by a 74% auction clearance rate. This positions the house as a rare opportunity for buyers seeking a larger footprint in a suburb with strong buyer activity and a short 48-day average selling period. The configuration suits families or investors targeting long-term capital growth, given the proximity to Footscray West Primary School within 0.4km and the area’s demographic tilt toward the 20-39 age group, which typically drives owner-occupier demand. The key risk is the asking price exceeding both the Domain valuation range of $1.05m-$1.39m and the suburb median by over 50%, which may limit resale liquidity and require a longer holding period to justify the premium. The 2002 purchase price of $350,000 indicates significant past appreciation, but current pricing tests market tolerance. FTTP availability can support future value but is not a primary driver. The commercial logic favours a buyer who can hold for 7-10 years and potentially subdivide or develop the land, given the size. Use this property as a long-term family home with development optionality.