1/74 Dundee Way, Sydenham VIC 3037

4-bed unit on 374sqm | dual living zones plus study | family-oriented Sydenham pocket | strong unit demand in 20-29 age bracket. This unit occupies a generous 374sqm lot, a rare configuration for a four-bedroom townhouse in Sydenham, giving buyers a competitive edge over standard apartment stock. The dual living areas, study, and master with walk-in robe suit families or investors seeking tenant appeal, while the guest powder room downstairs adds practical separation. The location near Watergardens, train station, and schools supports consistent demand from young couples and families, reinforced by the area’s 22% unit value growth over five years. For a buyer, this property offers a spacious floorplan that stands out in a market where larger units are scarce, and it can be held as a long-term family home or rented at an estimated $575 per week. The main risk is the property’s age and condition, as no recent renovation is noted, which may require capital for updates to achieve top rental or resale value. The council zone lacks overlays, but buyers should verify parking configuration, given the inconsistent 2-3 car space listing. The opportunity lies in the 374sqm lot, which is larger than typical units, allowing for potential future subdivision or extension subject to council approval. Hold this property as a core family residence or a steady rental with modest capital growth, leveraging its size and location.