1/6 Jessop Street, Greensborough VIC 3088

Character weatherboard | 2-bed entry point | 249m² lot | Walk to plaza & primary school | Strong rental yield This property presents a competitively rare entry point into the Greensborough market, offering a smaller-format, character home on a sub-250m² lot within walking distance of the plaza and primary school. Its configuration and price point strategically target first-home buyers and investors, bypassing the suburb’s typical $1 million median for larger family homes. The established rental demand and estimated yield signal a lower-risk income profile, making it a pragmatic purchase for capitalising on location over land size. The primary risk is the compressed land component, which may constrain long-term capital growth relative to larger lots in the area. However, this is offset by the immediate commercial logic of securing a tenanted property close to infrastructure at a accessible price point. Acquire this as a long-term hold for reliable rental returns or as a strategic first step into the market, with the understanding that its value is firmly anchored in its lifestyle position, not its land bank. * **6 Jessop Street (Full lot):** 2-bed, 1-bath house on 574m². Estimated value $799k-$820k. This highlights the subject property’s value proposition as a more affordable, lower-maintenance alternative in the same street. * **Subject Property Last Sale (Nov 2020):** Sold for $630,000. The current price guide reflects market appreciation while maintaining a significant discount to the suburb median. This sales context confirms the property trades at a material discount to typical local stock, justifying its position as a value-based entry.