42 Kokoda Place, Mordialloc VIC 3195

Compact bayside townhouse | modern three-level layout | strong rental yield potential | school zoning advantage This property presents a compelling entry point for buyers seeking a low-maintenance foothold in Mordialloc. The three-level configuration, while compact on a 44 m² footprint, maximises vertical space and delivers a contemporary coastal feel that appeals strongly to professionals or downsizers. The zoning for Mordialloc Beach Primary and Parkdale Secondary College adds tangible long-term demand support, and the rental estimate of approximately $700 per week suggests the property could function effectively as an investment if circumstances change. The absence of bushfire, flood, or heritage overlays reduces due diligence friction, and the FTTP connection is a practical bonus for remote workers. The primary risk here is the wide valuation gap between the asking range and automated estimates. Buyers should verify body corporate fees and confirm whether the property sits within a newer development that may carry higher ongoing costs. The 44 m² land size limits future capital growth relative to larger townhouses, but this is offset by strong location demand and the yield potential. For an owner-occupier, this works best as a lock-and-leave home; for an investor, the yield relative to the lower end of the price guide is attractive. Hold it as a lifestyle property with rental flexibility rather than expecting significant land appreciation.