42/291 York Street, Sale VIC 3850
42/291 York Street, Sale VIC 3850
2-bed unit, 74m², complex of 22 | 8% gross yield, stable Sale market | Bushfire overlay, no heritage | Strata, single carport, gas heating
The buying case rests on the yield. At an estimated 8% gross return and a recent sale price of $188,000, this unit offers an income-to-price ratio that outperforms most comparable stock in regional Victoria. The 74m² floor plan, built-in robes, and balcony give it a functional edge over smaller flats in the same price bracket. The gas heating and 5G coverage are practical, not premium, but they reduce vacancy risk. This property suits an investor seeking a low-entry, cash-flow-positive holding in a stable regional centre, not a renovator or owner-occupier chasing capital growth.
The bushfire overlay is the primary risk; it may tighten financing options and raise insurance costs, which directly compress net yield. The shared strata on a 3475m² lot limits control over common-area costs and future levies. The absence of flood or heritage overlays is neutral. The opportunity lies in buying below the $186,000 estimate, locking in the yield, and holding for steady rental income rather than short-term appreciation. Use this property as a long-term income strip, not a trading piece.
Detailed Independent Property Report prepared by PropCred Analyst team for 42/291 York Street, Sale VIC 3850
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Sale presents a compelling profile, positioned as a professional hub with a growing, owner-occupier base. Demand is primarily driven by childless couples, attracted by its established character and professional employment base. The market has demonstrated robust capital appreciation across both houses and units, though current conditions indicate a balanced to buyer-friendly environment with ample supply. Future growth is underpinned by sustained population increase, yet a key consideration is the current market dynamic where available listings may temper short-term price pressures.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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