81 Devereaux Street, Oak Park VIC 3046

solid corner block | 3-bedroom freestanding house | scope to add value | Oak Park primary zone The property occupies a 534sqm corner block with only 38% site coverage, which is competitively rare for a 1950s freestanding house in this part of Oak Park. That underutilised land gives a buyer genuine optionality — either extend the existing floorplan or rework the site over time. The zoning for Oak Park Primary School and Glenroy Secondary College adds a practical layer of demand, particularly for families seeking a long-term hold. For a buyer willing to invest in cosmetic updates and possibly a rear addition, this property offers a stronger value position than most nearby listings, given the land-to-building ratio and the absence of overlay constraints. The main risk is that the house as-is will feel dated to some buyers, and the single bathroom may limit appeal in the short term. However, that very condition also creates the opportunity — the property is priced below the suburb median for a freestanding house on a corner block, and the 2013 purchase history suggests low holding cost for the vendor, which may translate to negotiation room. The corner positioning also means potential for a future subdivision or dual-occupancy development, subject to council approval, making this a viable option for a buyer with a medium-term horizon who wants to hold and improve rather than flip.