9 Logan Street, Glenroy VIC 3046

Large family home | development upside | strong Glenroy market | rare 866sqm block This property offers a rare combination of a fully finished, light-filled family home on a substantial 866sqm lot in a suburb where house values are rising 4.4% annually and clearance rates sit above 72%. The 382sqm building provides immediate liveability with five bedrooms, two bathrooms, and a central living area designed for family flow, while the generous land component gives a buyer genuine optionality for future subdivision or townhouse development. It suits families who need space now but want to hold a property with long-term capital growth potential, or investors targeting a dual-income strategy from day one. The absence of heritage or flood overlays simplifies any future planning application. The primary risk is the price gap between the agent’s indicative range and the lower property.com.au estimate, which may reflect the house being overcapitalised relative to median Glenroy values of $740,000. Buyers should anchor their offer to the valuation data rather than the auction guide. The Domain valuation is outdated and should be disregarded. The NBN FTTC connection is adequate but not a premium feature. On the opportunity side, the 44% site coverage leaves room for a rear subdivision or a second dwelling, and the strong rental yield of around $620 per week provides holding cost cover if development is deferred. Hold this property for its land content and rezone potential rather than short-term resale gain.