92 Raleigh Street, Westmeadows VIC 3049

Grand family home | dual living potential | 1218m² corner block | 5 car capacity | first time offered This property presents a rare, large-scale family holding in a established suburb, distinguished by its significant land parcel and dual-living configuration. The combination of four bedrooms, multiple living zones, and extensive garaging supports a multi-generational or flexible family use case, positioning it well for sustained demand in a family-centric pocket. Its corner block and substantial building footprint offer a tangible scarcity value not found in typical suburban stock. The primary risk is the price premium commanded for its scale, which may not be fully reflected in the immediate rental yield or supported by recent comparable sales. The conversion of garage space, while adding utility, may not appeal to all buyer profiles. Acquire this property as a long-term family base with inherent flexibility; its value is in holding and occupying, not speculative short-term gain. The commercial logic lies in its utility, not its yield. A direct comparable at 22 Raleigh Street, a 4 bed, 3 bath house on 609m², is listed at $875,000-$950,000. This starkly illustrates the land size premium of the subject property, which offers double the land area. Buyers must judge if the additional land and dual-living format justify a price point approximately 60% higher than this smaller, but similarly configured, nearby offering.