69 Wright Street, Middle Park VIC 3206

Renovated Victorian with studio | Three-bedroom reconfiguration from two | Tightly held Middle Park street | Flexible rear accommodation The property’s primary competitive advantage is its reconfiguration from two to three bedrooms, a structural improvement that meaningfully widens the buyer pool in a suburb where family-sized period homes on compact lots are scarce. The studio or flexible rear accommodation adds a layer of utility—home office, guest space, or teenage retreat—that improves liveability without expanding the footprint. This combination serves downsizers seeking single-level potential and small families who value beachside amenity over sheer square metres. The 208-square-metre land holding, while modest, is typical for the pocket and supports a premium positioning when paired with a restored facade and updated interiors. The risk lies in the price floor: the $2.5–$2.7 million range sits near the prior peak, leaving limited short-term capital upside unless broader market conditions lift. Buyers should treat this as a lifestyle acquisition with stable value, not a speculative trade. The opportunity is the studio’s flexibility—it can be used as a passive income source via short-stay rental or absorbed into the main dwelling without structural change. Hold this property as a long-term family base or a low-maintenance coastal retreat; its scarcity in the streetscape will underpin resale demand.