9 Scott Street, Heywood VIC 3304

Town centre positioning | 3-bed house on 486m² lot | rear unit rental income potential | sold 33 days on market This property presents a strategic entry into Heywood’s limited town-centre housing stock, combining a primary dwelling with a separate rental unit on a single urban lot, a configuration rare for the area. The 2022 sale at $185,000, followed by a sharp valuation increase, suggests captured upside from the previous buyer, positioning the current offering for a buyer seeking both immediate rental yield from the rear unit and long-term land value accrual in the core locale. It serves the value-add investor or an owner-occupant willing to offset holding costs with secondary income, capitalizing on the central proximity to all amenities without the premium of a standalone family home. Proceed with the discipline that the inconsistent land size records and unspecified building age demand a survey and building inspection to quantify physical risk, while the lack of detailed finishes confirms this is a land-value and income play, not a premium residence. The commercial logic is clear: secure the dual-income capability and central infill lot, but only after verifying zoning permits the existing two-dwelling setup. Hold as a long-term hold with tenant management, as speculative gains in a small rural town require a patient capital horizon. The judgment is conditional: acquire for yield and location, not for appreciation alone. Recent comparable sales data provides essential context: – The subject property itself sold in March 2022 for $185,000 after 33 days on market. – Three other 3-bedroom houses in the immediate vicinity have sold recently, confirming consistent demand for this configuration. This sales activity anchors the property’s current price point well above its 2022 purchase, indicating a market that has moved decisively. For a buyer, this establishes that the asset must now be evaluated against newer, competing sales, not its own history, and that the premium sought must be justified by its unique dual-income potential.