303 Blackshaws Road, Altona North VIC 3025

4 townhouses | 2-bed units | Altona North | off-market | 176m² lot The property at 303 Blackshaws Road presents a rare opportunity for a buyer seeking a consolidated holding in a corridor where townhouse product is increasingly scarce. The 176m² lot attached to Unit 2 is unusually generous for a multi-unit configuration, giving that unit a clear positional advantage over comparable townhouses in the area. With Altona North’s median house price at $960,000 and rental yields around 3.7%, the property sits in a market where demand is supported by proximity to employment hubs and the bay. The 93m² internal area in Unit 1 is efficient for a downsizer or investor targeting tenants who value low-maintenance living. Off-market status means less competition, so a buyer can negotiate without the pressure of an auction timeline. The primary risk is the lack of recent sales data—no unit has transacted since 2012, making current valuation reliant on comparables rather than direct evidence. This creates uncertainty around entry price, and the buyer must factor in potential deferred maintenance across a four-unit complex. The 132m² block reference from one source suggests some units may share land, limiting subdivision or redevelopment upside. However, for a buyer who can secure the whole building or multiple units, there is commercial logic in controlling the site for future consolidation. The absence of FTTP or FTTB is not a deal-breaker here, but confirming NBN availability adds a layer of tenant appeal. Hold as a staggered-income portfolio, or use the land bank for medium-term capital growth in a tightening supply market.