How Melbourne buyers save $400,000 in school zones

Owner Edwin Ding spent three years transforming 46 Gordon Rd, Mount Waverley, into a house-style family home that its agent says could offer buyers a $300,000-$400,000 shortcut into the suburb’s prized school zone. Families priced out of Mount Waverley’s detached housing market could save up to $400,000 by opting for a renovated townhouse in the suburb’s prized secondary school zone. The four-bedroom home at 46 Gordon Rd has a $1.25m-$1.35m price guide following a three-year transformation by owner Edwin Ding. Buxton Mount Waverley agent Peter Serafino said the property offered many of the benefits of a house, including its own driveway, street frontage and no active owners corporation, at a significantly lower price. RELATED: Dan’s legacy forces Vic family to sell$530k Melb home’s hidden kitchen blowing minds Cheap fixes deliver big savings at 10-star home “This townhouse resembles a lot of what a house would offer,” Mr Serafino said. “You have your own driveway and your own frontage. There is no active owners corporation here and all the insurances are separate. “So this is effectively buying what a house could offer at a much lower price point.” Mr Serafino estimated recreating ...