10 Revell Cres, St Albans VIC 3021

| Pre-existing tenant till 2026 | price above 2018 by 33% | yield below 3.85% neighbourhood average | no body corporate risk for land shared The property is priced with a tenant committed until August 2026. This locks your rental income at a rate set before current market conditions, likely below today’s leasing potential, reducing immediate cash yield by an estimated 0.5%–1.0% below comparable vacant units. The absence of body corporate offers lower holding costs but puts full responsibility for shared driveway or external maintenance on you. Given this, the property functions best as a medium-term hold: absorb the fixed lease, then reposition at market rent after expiry. Competitive strength lies in the freehold land component on a single-title lot—rare for a unit—which supports future subdivision or renovation upside not possible in strata schemes. The hardwood floors and separate toilet add functional appeal for a family tenant. This suits a buyer seeking land leverage in a growth corridor with a forced savings plan via existing tenancy, not immediate maximised yield. If you want income now, redirect; if you want land with a built-in lease, this is your structure.