867 Riversdale Road, Camberwell VIC 3124

Corner block with dual frontage | 520m² land in Camberwell | 2-bed townhouse configuration | Recently listed This property presents a rare opportunity to acquire a low-density townhouse on a substantial corner block in a high-demand suburb, a configuration that is increasingly scarce. The 520m² land parcel, dual street frontage, and lack of overlays provide a tangible land bank and flexibility unseen in typical strata units. It best serves a buyer seeking entry into Boroondara with a lower maintenance footprint but with the land component acting as a primary value driver, or an investor capitalizing on the strong rental demand for smaller, well-located homes. The primary risk is the significant discrepancy in reported land size, which requires immediate verification via title documents, as it directly impacts valuation and future potential. The smaller 2/1/1 layout, while efficient, faces competition from larger nearby houses, capping its premium. Proceed only with a strata inspection to confirm capital works plans and body corporate health. This property is a strategic hold, leveraging its land position for long-term capital growth over short-term yield, making it a calculated entry into a premium market. Recent comparable sales indicate a tempered market for this configuration. The adjacent townhouse at 3/868 Riversdale Road, with a larger lot, sold for $950k in late 2025 after being listed higher, suggesting buyer resistance above the million-dollar mark for two-bedroom stock. This establishes a credible value anchor for the subject property below the higher estimates, reinforcing a negotiation range centered on the recent transaction evidence rather than aspirational pricing.