1/14 Carmichael Road, Oakleigh East VIC 3166

Parkside townhouse | North-facing light | Three-bedroom separation | Strong rental growth | Monash precinct proximity This property’s competitive edge lies in its north-facing orientation and direct reserve positioning, which are rare in a modern townhouse of this size. The three well-separated bedrooms across two levels suit families seeking privacy or professionals needing a home office, while the rental yield of 4.48% exceeds the suburb average of 3.7%, signaling strong tenant demand. The location opposite Reg Harris Reserve and within walking distance to Amsleigh Park Primary School and Macrina Street shops reinforces appeal to owner-occupiers and investors alike, and the consistent rental growth from $565 to $755 per week over three years confirms market momentum. The primary risk is the compact 173m² lot, which limits future extension potential and may feel constrained for buyers accustomed to larger gardens. This is offset by the low-maintenance courtyard and automatic garage, making the property suitable for downsizers or first-time buyers rather than those seeking land value appreciation. The absence of bushfire, flood, or heritage overlays reduces holding risk, while the FTTP NBN and 5G coverage add practical appeal for remote workers. Hold this townhouse as a core residential holding with strong rental upside, or use it as a family base within the Monash University and Chadstone corridor.