63/220 Chapel Road, Keysborough VIC 3173

Four-bedroom unit in complex | 1.62-hectare shared lot | Bushfire overlay | Conflicting listing status | FTTP & 5G coverage. This property presents a rare configuration for a unit, offering substantial four-bedroom accommodation on an exceptionally large shared land parcel uncommon for this housing type, which provides a sense of space and potential for family living. Its strongest position is for a buyer seeking a primary residence with strong connectivity, served by the reliable FTTP and 5G coverage, and zoned for established local schools. The absence of flood or heritage constraints is a positive, though the bushfire overlay is a mandatory due diligence item. Proceed with disciplined verification. The primary risk mechanism is the conflicting market status and the wide historical asking range, indicating unstable vendor pricing expectations that could distort your offer strategy. The commercial opportunity lies in leveraging this ambiguity if the property is indeed off-market, potentially securing a negotiated outcome below recent comparable sales. Acquire this strictly as a long-term hold to amortize the bushfire compliance costs, not for short-term trade. **Comparable Sales Context:** * **61/220 Chapel Road:** Sold for $825,000 (Mar 2024). A direct two-story townhouse comparison. * **62/220 Chapel Road:** Estimated value $866,000, currently listed. A near-identical flat apartment unit. These comparables establish a credible value bracket between $825,000 and $866,000 for this complex, making any price near the previously mentioned $1,082,000 untenable. Your offer must be anchored by this recent market evidence.