3 Fellowship Street, Clyde North VIC 3978

3-bed house on 312sqm | Cranbourne East Secondary College zone | no heritage or flood overlay | 4.2% rental yield in a 5.3% growth suburb This property presents a compelling entry point for a buyer seeking a modern house with efficient land use in a growth corridor. The 61% building coverage on 312sqm is notably high, meaning the internal floorplan is generous for the lot size, which typically appeals to owner-occupiers prioritising living space over a large yard. The absence of bushfire, flood, or heritage overlays removes common approval and insurance headaches, while the zoning for Cranbourne East Secondary College provides a clear demographic anchor. The property serves best for a young family or an investor targeting the lower end of the family rental market, given the suburb’s above-average growth and solid 4.2% yield. A key risk is the limited sales evidence on Fellowship Street itself—no transactions in the last 12 months—which makes precise price anchoring difficult and may slow future resale. The 5.3% suburb growth is positive but not exceptional, and the property sits at the upper end of the price guide relative to its land size, so buyers should negotiate hard. The opportunity lies in the strong rental demand: a weekly return of $550–$640 is achievable, and the ducted heating and fibre-ready infrastructure add tenant appeal without being primary value drivers. Any buyer should verify the building’s age and condition beyond the specifications provided.