28 Fashoda Drive, Mernda VIC 3754

Modern family home in growing Mernda | 4-bedroom with low-maintenance yard | Priced below suburb median | Strong rental demand area This property offers a rare combination of modern finishes and a below-median entry point in a suburb with 4% annual growth and a 72% auction clearance rate. The 60% site coverage and newly built deck suggest efficient use of the 300m² lot, while the zoning for Mernda Central P-12 College adds buyer appeal for families. It is best suited to owner-occupiers seeking a turnkey home with minimal upkeep, or investors targeting the 3.8% suburb rental yield with a $555pw estimate. The main risk is the tight land size and single garage, which may limit appeal to downsizers or investors seeking higher capital growth. The 2024 sale price is not disclosed, but the estimated value range of $590k–$690k suggests limited immediate upside. However, with only 33 properties on Fashoda Drive and 265 houses sold suburb-wide this year, liquidity is reasonable. Hold for medium-term capital growth driven by Mernda’s population growth and infrastructure proximity.