54 St Albans Road East Geelong VIC 3219

| 3 bed house | 570sqm land | $869k-$929k | side lane access | no overlay risks | rental income potential | This property presents a calculated trade-off. The 570sqm lot offers a low 42% building coverage, limiting future subdivision but preserving generous outdoor space with side lane access for privacy and potential separate vehicle entry. The updated interior reduces immediate capital outlay, while the shed facilities provide a tangible rental income stream often overlooked in this bracket. Hold for steady yield; the land component supports long-term value, not speculative growth. What sets this house apart is its functional layout for dual-purpose living-owner-occupier with tenant yields superior affordability. The absence of bushfire, flood, or heritage constraints cuts holding costs and future approval risks. It best serves a buyer prioritising immediate cash flow from the shed rental and a lock-up-and-leave low-maintenance solution. Next step: verify the shed’s council-approval status for rental use and inspect side lane access for practical vehicle manoeuvring. For credibility: comparable sales in East Geelong for similar-sized 3-bedroom houses on 500-600sqm lots have transacted at $850k-$920k in recent months, aligning this listing within the upper end of market range. The value inference is the shed rental income-adding approximately $150-$200 per week to your return-recouping the price premium over entry-level properties in the area.