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64 Rose Avenue, Templestowe Lower VIC 3107

$1,000,000 - $1,100,000

Search Band Search Visibility Band

$1M - $1.1M High Confidence Calculated based on strong search observations.

House 3 Beds 1 Bath 1 Car 729 m²

Listed: 2 days ago

Overview

This property is a noteworthy opportunity for those seeking a single-level brick veneer home with renovation or redevelopment potential, situated in a well-regarded, leafy neighborhood on the high side of the street. Its level 729 square meter allotment with a generous 16.76-meter frontage offers flexibility whether you are a couple, a growing family, or an investor looking to add value.

The existing residence provides foundational living accommodation, while the spacious land invites improvements or the creation of two separate units, subject to necessary approvals. Its elevated position promises natural light and a sense of tranquility, enhanced by the established garden featuring mature fruit trees and a neat layout. The addition of a dining area connected to a sizable kitchen, which includes modern electric cooking and ample cabinetry, supports practical daily living and entertaining.

The outdoor areas extend usability with a single carport and room for off-street parking, while the garden and backyard space present a classic setting for outdoor leisure or further landscaping. From an investment perspective, the property's location within proximity to quality schools, shopping, and public transport makes it a valuable asset with growth potential.

In summary, 64 Rose Avenue stands as a robust platform for improvement while providing comfortable existing living accommodation. It appeals to buyers seeking a project with strong development prospects in a highly desirable suburb known for its community-oriented lifestyle and accessibility.

Local Market Insights

In Templestowe Lower, Quiet Listings observed 12 new houses entering the market over the last 30 days, up from 7 during the previous 30-day period, with an average advertised asking price of $1,386,667. The property type mix of listed properties is predominantly Houses at 63%, followed by townhouses (16%), and units (11%). The most active agency for houses in the Templestowe Lower area is currently Jellis Craig, representing 58% of new listings, followed by Barry Plant with 17%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.