Property Summary: 2 Lavenham Crescent
Part 1: Key Characteristics & Buyer Profile
This 1969-built home offers 1,341 square feet of living space on a 3,361-square-foot lot. Its standout feature is living area: it holds the top rank on Lavenham Crescent (Top 2%) and sits in the Top 5% of Westdale, making it one of the roomier options in a neighborhood where the typical home is about 1,029 square feet. The assessed value of $273,000, however, tells a more grounded story—it’s above the street average ($245,800) but below both the Westdale median ($307,400) and the citywide average ($390,100). The land area is modest for the area, ranking in the bottom quarter of Westdale, which is consistent with an older, denser part of the city.
The appeal here is space per dollar. You get significantly more interior square footage than most neighbors, without paying a premium for land or recent renovation. The home’s value ranks in the top third citywide, but its assessed price feels restrained relative to its size—suggesting finishes or systems may be original to 1969.
This property suits buyers who prioritize interior room over yard size, and who are comfortable with a home that likely needs updating. It’s a strong fit for someone looking to buy into Westdale—a desirable neighborhood—without competing for fully updated or larger-lot properties. It may also appeal to investors or flippers who see upside in adding square footage value while the land cost remains relatively low.
Part 2: Five Possible FAQs
1. How does this home compare to others on Lavenham Crescent?
It’s the largest home on the street by living area (ranked #1), and its assessed value is above-average (#3 of 46). Its land area is also above the street average, but only modestly. So among immediate neighbors, it stands out for size more than lot or price.
2. Why is the assessed value below the neighborhood average if the house is bigger?
Westdale includes a mix of older and newer homes, with some on larger lots or with recent renovations. A higher median value in the neighborhood likely reflects those newer or larger-lot properties. This home’s 1969 build and smaller lot (3,361 sqft vs. 5,168 sqft neighborhood average) offset its larger interior.
3. Is the land size a problem for future expansion or resale?
Not necessarily, but it’s something to consider. The lot is average for the street but below average for Westdale and citywide. If you’re planning an addition, check local setback rules, as the lot is already relatively compact. For resale, the interior size will remain a stronger selling point than the yard.
4. What does the “Top 2%” ranking actually mean for this house?
It means that out of all comparable homes on Lavenham Crescent, only one other has a larger living area. On a street of 46 homes, this is the second-best for interior space. That’s unusual for a 1960s-era home, which often have smaller floor plans.
5. Is the 1969 build date a concern?
It depends on your tolerance for upkeep. The year built is typical for the street and average for the city, but newer than most homes in Westdale (which averages 1971). At over 50 years old, expect original mechanicals (furnace, roof, windows) may need attention. But it also means the house has likely avoided major modern renovation costs—and the value reflects that.