271 Poath Road, Murrumbeena VIC 3163

Corner block, 1930s clinker brick | high ceilings, oak floors, open fireplace | leased at $675/week | positioned below median at $1.7m This property offers a rare combination of period character and corner-block utility in a suburb where the median sits well above its price guide. The clinker brick construction, Tasmanian Oak floors, and Art Deco detailing are genuinely sought-after features that hold value across market cycles, and the corner positioning provides natural light on two sides plus potential for future reconfiguration or subdivision subject to council approval. It suits a buyer who values architectural integrity but also wants immediate rental income—the existing lease at $675 per week offsets holding costs while the market is tested. The English-style corner windows and open fireplace are not just aesthetic; they signal a level of craftsmanship that modern builds rarely match. The primary risk is the Poath Road location, which carries traffic noise and limits the exclusivity some buyers expect at this price point. That noise is priced into the guide, but it will narrow the buyer pool at resale. The lease in place is a double-edged sword—it provides cashflow but prevents owner-occupiers from moving in immediately, and the rental yield is modest relative to the purchase price. Opportunity lies in the corner block’s long-term development upside, particularly if zoning permits a dual-occupancy or townhouse split. Hold for income while monitoring planning changes, or renovate the kitchen and bathroom to lift the property into the top end of its range.