1/15 Dermot Street, Oakleigh South VIC 3167

2-bedroom unit | corner-block feel | pet-friendly courtyard with spa | zoned for Oakleigh South Primary | standalone on 261sqm. This unit’s standalone title on a 261sqm lot is its strongest competitive advantage in a market where most two-bedroom offerings share walls and land. The configuration,two bathrooms, a main with walk-in robe and ensuite, plus two off-street parking spots,positions it well against both apartments and older townhouses. The pet-friendly, fenced courtyard with a spa adds a lifestyle edge that typically commands a premium from downsizers and professional couples. For an investor, the estimated $675pw rent on a $927k valuation yields a gross 3.8%, which is solid for the suburb. The primary risk is that the $976k August 2023 sale price may not be repeatable in the current softer market, with listing ranges suggesting a 5-15% discount. This creates a potential buying opportunity if you can negotiate below $890k, but also means the property may take longer to regain that peak value. The lack of heritage or hazard overlays reduces holding risk, and the strong school zoning supports long-term demand. Hold this as a low-maintenance residence or a steady-yield rental; it is not a flip candidate.