Large land with 5 car spaces | 1965 build with modern updates | 4 beds, 1 bath, rumpus room | No overlays, solid rental catchment
This property presents a strong proposition for a buyer seeking space and utility over modern bathroom count, with its large 734m² allotment and exceptional five-car parking configuration being rare for the area. The 324m² building size provides substantial internal living space, including a rumpus room, catering well to large families or those requiring significant storage and workshop potential, all within a stable residential zone free of complicating overlays. Its single-bathroom layout, however, positions it for value-add renovation or for buyers whose priorities are land content and living area over contemporary ensuite amenities.
The primary decision hinges on capitalising on its generous land holding while managing the cost of modernising the 1965 build, particularly the bathroom footprint. The commercial logic is to secure the scarce land parcel, hold for land value appreciation, and phase upgrades. This is a buy-and-hold property for a family or investor comfortable with a future renovation program to fully realise its value.
Recent sales on Pauls Drive demonstrate clear value for land and bedrooms:
– 39A Pauls Dr (4/2/1, 369m² building) sold for $972,500
– 32 Pauls Dr (3/1/1, 693m² land) sold for $943,000
– 5 Pauls Dr (4/2/2) sold for $913,000
This property’s larger 734m² land and 324m² building size command a premium, supporting its current estimated value range. The sales data confirms the market pays for space in this location.