James Home Rating: 620 | Grade B | August 2026
Sometimes the maths matters more than the house.
The existing home is really just the starting point. The attraction is the land and what you could create on it (STCA).
The fundamentals are strong. North-facing orientation, a good street and a block with enough scale to create something substantial. The slope is the one consideration, as it may add to the cost and complexity of a new build.
So the question becomes fairly simple. What would a quality new home be worth here, what would it cost to build, and what does it cost to hold the property while you get there?
Work backwards from those numbers and you start to understand the value of the land.
This is not really about buying the existing house. It is about buying the opportunity to create what comes next.
Property listing 49 Leura Grove Hawthorn East
