30/12 Crefden Street, Maidstone VIC 3012

Flood overlay | 71sqm two-bedroom | school zone demand | building comparables align | rental yield strong The property’s 71sqm floorplan is considered generous for a two-bedroom apartment in this price range, providing a clear size advantage over tighter units in the same building. Secure parking and zoning for Footscray North Primary School and Maribyrnong Secondary College are seen as sustaining demand from both families and tenants. Recent comparable sales within the building support the asking bracket, making this offering less speculative for a buyer. It is best suited to first-home buyers seeking an established corridor or investors wanting a low-maintenance addition with yield upside. The flood overlay is regarded as the defining risk, requiring confirmation of floor level, insurance costs, and strata history before proceeding. Overlooking this could affect resale liquidity and holding costs. The property’s rental projection of around $505 per week provides a logical basis for ownership, with FTTB connectivity and building security being supporting assets. A long-term hold oriented toward rental income is recommended, with due diligence focused on the overlay and strata conditions.