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8537 Princes Highway

Allestree, VIC 3305, Australia
$545,000
3 bed 1 bath

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Area Price Guide
$512,300$577,700

Indicative price guide range

🏘️
34
Comparable
📊
$500,000
Area median
⚖️
+9%
vs median
🗓️
2 months ago
Listed

Approximate location shown. Contact agent for exact address.

Property Insights

Schools · zoning · transport · traffic · flood · bushfire · crime · development · heritage

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About this property

Conveniently positioned just minutes from town, this 15-acre (6 hectare) lifestyle property offers space, privacy and enormous potential. Lovingly held by the current owner for 42 years, the original homestead is now ready for its next chapter. Set well back from the highway and nestled amongst mature trees, the property enjoys a peaceful, private setting. While the charming weatherboard home does require quite a bit of work, it presents a wonderful opportunity to renovate and personalise to your own taste securing the lifestyle dream at an achievable price point. For the savvy buyer, there's also the exciting option to live comfortably in the existing home while building your dream residence further back on the property (STCA). Power is already available behind the home, previously servicing an old shed, making future plans even more appealing especially with the potential to capture sweeping ocean and town views. The home retains its original bullnose verandah, the perfect place to sit and enjoy the abundant birdlife and wildlife that frequent the property. Inside, you'll find a spacious formal lounge, combined dining and kitchen area with a partially updated kitchen, a generous mudroom and three bedrooms - two of which are king-sized. A new gas heater has recently been installed. The land itself is well set up, with near-new electric fencing dividing it into three paddocks. Established fruit trees are scattered throughout the property, while the remainder offers a blank canvas for further landscaping or improvements. Yes, the home needs quite a bit of TLC but at this price, in this location, and with this scale of opportunity, the potential here is undeniable. A rare chance to secure acreage close to town and create something truly special. NB: Boundary lines are an approximate only.

Property Features

    View full listing on Domain

    See all photos, agent details & contact options on the original source.

    Repayment calculator

    $2,642/month
    $1,321 /fortnight
    Loan $436,000 at 6.10% over 30 years

    Upfront costs

    Deposit$109,000
    Stamp duty$27,770
    Conveyancing (est.)$2,000
    Total upfront$138,770
    Verify with VIC revenue office →
    Indicative figures only — not a quote. Real loan offers depend on the lender; duty depends on contract terms and applicable concessions.

    Property Details

    Property Type
    house
    Listing Type
    For Sale
    Bedrooms
    3
    Bathrooms
    1
    Listed
    2 months ago

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