61 Irrewillipe Road, Elliminyt VIC 3250

Corner block acreage | classic brick family home | 2–10 car capacity | last sold $1M three years ago This property offers a rare combination of a substantial, usable landholding on a corner block with a solid, low-maintenance brick house in a semi-rural setting. The four-bedroom, two-bathroom configuration and exceptional vehicle accommodation cater specifically to large families or tradespeople requiring significant space. Its well-maintained presentation reduces immediate capital requirements, positioning it as a move-in ready proposition for buyers seeking lifestyle scale without a project. The primary risk is market exposure, with the current asking range below its previous sale price and a substantial gap above the automated valuation estimate, indicating potential price discovery challenges. This creates a negotiation advantage for a buyer prepared with comparable sales evidence. Acquire this property as a long-term family holding, leveraging its functional utility; its value is in its use, not speculative gain, making it unsuitable for a short-term investment. The key comparable is the property’s own sale history. It last sold for $1,000,000 three years ago, against a current asking price of $875,000–$950,000. This divergence suggests a shifting local market or specific vendor motivation. A buyer must establish current fair value through independent analysis of recent area sales, as relying on its past price or broad estimates would misinform your offer.