416E Gaffney Street, Pascoe Vale VIC 3044

3-bed townhouse | 724m² shared land | Pascoe Vale primary zone | part of 5-unit building | rental yield signal 4.6% This townhouse presents a competitive position through its larger-than-typical 724 square metre shared lot and three-bedroom configuration within a small five-property building, a combination offering relative scarcity in the metropolitan townhouse market. It serves a buyer seeking entry into the Pascoe Vale school catchment with a lower maintenance format, supported by observable rental demand evidenced by the adjacent unit’s long-term tenancy. The established yield from the comparable unit suggests the complex attracts stable residential demand. Proceed with the commercial logic that the value is anchored to the land share and zoning, not the building, which carries the inherent risk of strata complexities and potential capital expenditure within a small group. Your offer must discount for the lack of comparable sales evidence and the cost of due diligence on building condition and owners corporation health. A plain judgment is to acquire for hold, leveraging the yield to offset holding costs while awaiting suburb densification. Propcred can quantify the real market valuation and audit the locality risks and strata health for this specific property.