18 Bawar Place Hallam VIC 3803

new townhouse | dual-living layout | walk to schools and shops | strong rental yield potential The buying case rests on the configuration edge this townhouse offers over typical two-bedroom stock. The optional second layout with a master ensuite and private balcony effectively creates a dual-living arrangement, appealing to owner-occupiers wanting separation or investors targeting sharers or small families. The 1282m² lot is unusually large for a townhouse, providing a land-value buffer that similar units lack. Split-system heating and cooling, stone benchtops, and a 6-star energy rating reduce ongoing costs and improve tenant appeal. This property best suits a buyer seeking above-median rental yield in a corridor with steady demand from families priced out of neighbouring suburbs. The primary risk is the new-development premium: comparable sales at 20 Bawar Place at $600,000 suggest the upper listing bracket may overstate immediate equity. The City of Casey zoning carries no overlays, but the suburb’s median house price of $790,000 indicates this townhouse sits below the local benchmark, limiting capital growth to land appreciation rather than structural uplift. The opportunity lies in locking in rental income at $555–$640 per week, which at the lower end of the valuation range delivers a gross yield near 4.8%—strong for Melbourne’s south-east. Hold for land-value growth and refinance after two years if rental evidence supports revaluation.