558 Victoria Parade, East Melbourne.

One of East Melbourne's most affordable freestanding period homes, this untouched 4-bedroom, 1.5-bathroom residence delivers exceptional land size of approximately 204sqm and outstanding future potential. Offered as the cheapest house opportunity in East Melbourne, this solid brick classic presents a rare chance to secure substantial land in a blue-chip location, with exciting scope to extend or transform (STCA). The flexible layout features a traditional hallway, elegant lounge, retro timber kitchen, four generous bedrooms across two levels, a central bathroom, powder room and full laundry. The deep rear garden and paved entertaining area underscore the scale of the allotment - a standout for the area - while original period features remain intact, including soaring 3.3m (approx.) ceilings, picture rails, high skirting boards and original fireplaces, highlighted by a striking marble fireplace. Positioned opposite two tram routes and moments from Powlett Reserve, Fitzroy Gardens, Jolimont Station, Yarra Park and the MCG, this is an unmatched opportunity to buy land, location and long-term upside at an entry-level price point for East Melbourne.