28 Hanover Circuit, Melton South VIC 3338

3 bed, 3 bath house | 360m² lot | 54% building coverage | FTTP NBN | Fully fenced with deck This property presents a configuration edge in its segment, offering three bathrooms against the typical two found in comparable three and four-bedroom houses on the street. This functional advantage, combined with modern inclusions like floorboards, air conditioning, and a remote garage, positions it for strong appeal to both small families and professional sharers seeking higher internal amenity. The absence of overlays simplifies due diligence, and the established rental yields on the circuit signal consistent tenant demand. The primary risk is the compressed yield relative to nearby purchases, as the asking price demands a premium for its bathroom count. This premium must be justified through sustained rental performance or by capitalising on the house’s above-average specifications for owner-occupier appeal. Proceed with an offer anchored to the lower quartile of recent sales, targeting a sub-4.5% yield, as the house’s unique features support a hold strategy for either a live-in upgrade or a long-term rental. Recent sales on Hanover Circuit show a clear price gradient based on bedrooms and condition. A four-bedroom house sold for $650,000 with no hold period, while three-bedroom purchases have ranged from $565,000 to $575,000. This house, with its extra bathroom, should command a premium over the three-bedroom comparables, but its value proposition weakens if priced into the four-bedroom bracket without the additional bedroom space. The data supports a valuation toward the upper end of the three-bedroom range.