246/660 Blackburn Road, Notting Hill VIC 3168

2-bed with ensuite | leased to 2027 | near Monash University | large complex land This unit presents a locked-in income stream for an investor, with its tenancy secured for nearly three years at a stable yield. Its proximity to Monash University anchors consistent rental demand from academic and student tenants, making it a low-management holding. The configuration, with two bathrooms and a master ensuite, is competitively strong for the area and caters directly to this tenant profile. The primary risk is the lack of asset-specific control during the lease term, with no ability to adjust rent or occupy. The estimated value sits within a broad range, reflecting the uncertainty inherent in a large complex where individual unit attributes are secondary to strata governance. Acquire this solely as a passive income property; its commercial logic is undermined for any buyer seeking personal use or short-term value-add strategies before 2027. Recent comparable sales in Notting Hill are noted but details are absent, preventing precise benchmarking. This data gap necessitates a conservative valuation approach, leaning on the secure income to justify price rather than speculative capital growth.