1/144 William Street St Albans VIC 3021

4-bed townhouse | 152sqm on 194sqm | ground-floor bedroom | walk to station and shops This townhouse occupies a narrow but efficient segment of the St Albans market: a four-bedroom, three-bathroom configuration on a compact 194-square-metre block, with a ground-floor bedroom that flexes as guest quarters or a home office. For a family or investor seeking separation of living zones without the land cost of a house, the floorplan is the competitive edge—most comparables in this price band offer three bedrooms or a single bathroom. The location near Alfrieda Street and St Albans station reduces car dependency, which broadens the buyer pool to downsizers and professionals who would otherwise look further out. The modern finishes and air conditioning remove immediate renovation liability, making this a turnkey proposition for first-home buyers or a low-maintenance hold for an investor targeting the rental demand corridor along the Sydenham line. The risk is the 194-square-metre block: it limits future subdivision or extension, and the townhouse format means body corporate fees and shared driveway obligations that a standalone house avoids. For an owner-occupier, the cost is lost yard space and limited parking; for an investor, the trade-off is a higher yield per square metre against lower capital growth potential than a house on a larger lot. The opportunity lies in holding for rental income while St Albans benefits from continued infrastructure spending on the train line and nearby retail upgrades. Use this property as a cash-flow-positive entry into the western suburbs, not as a land bank.