8 Kokoda Court, Boronia VIC 3155

Large court allotment | 5-car parking | single-bath configuration | renovated kitchen | low 25% coverage This property presents a competitively strong proposition based on its substantial landholding in a tightly held court position, a combination increasingly scarce in this market. The extremely low building coverage and extensive off-street parking for five vehicles are rare for a three-bedroom house and signal clear utility for families with multiple cars or recreational vehicles, or for buyers considering future extension potential. The full renovation of key living areas, including the kitchen with premium appliances, positions it above typical unrenovated stock, while the zoning for established schools and proximity to transport nodes anchor its appeal to owner-occupier families seeking space and convenience over a second bathroom. The primary decision point is the single-bathroom configuration against a price guide approaching higher-bathroom comparable sales, creating a valuation ceiling that an incoming buyer must discount for. This specific floorplan serves a narrower segment of the family market, introducing a liquidity risk that must be priced into any offer. The commercial opportunity lies in leveraging the low site coverage to add a second bathroom or further living space, subject to council approval, which would directly address the main competitive shortfall. For a buyer not intending to develop, holding it as a long-term family home capitalises on its liveability and land bank value; for an investor, the strong rental yield is tempered by the same bathroom limitation, making it a hold for land value accretion rather than short-term rental premium. Recent comparable sales nearby indicate the pricing context: – 228 Boronia Road: 3 bed, 2 bath, 4 cars, auction guide $850k-$935k. – 5 Boronia Road: 3 bed, 2 bath, 2 cars, auction. These listings demonstrate that competing properties at a similar price point typically offer a second bathroom. This property’s value inference therefore hinges on its larger land parcel and superior parking offering compensating for the bathroom deficit, suggesting its fair value sits toward the lower end of its advertised range to account for this material difference.