1 Dixon Court, Altona Meadows VIC 3028

Sold price unknown | 77m² floor-area ratio high | Overlay-free site | 36% coverage limits extension | Rental yield near 3.6% The property’s 36% building coverage and 4m roof height restrict horizontal expansion; a buyer seeking to add a second dwelling or rear extension will face significant structural constraints, reducing long-term redevelopment optionality and capping capital growth relative to larger-lot neighbours. The 3.4% rental yield sits just above suburb average, but the $520–$525 weekly rent is achievable only with recent interior updates maintained; deferred maintenance would compress net return below 3%. For an owner-occupier, the quiet court location and school zone provide stable family use, though the 176m² building on a 487m² lot leaves minimal outdoor buffer—this is a hold-for-occupancy property, not a trade-for-gain one. Comparable sales: 4 Dixon Court (3br, 1ba, 480m² lot) sold Dec 2024 for $745k; 12 Dixon Court (3br, 2ba, 501m²) sold Mar 2025 for $770k. Both traded at $1,550–$1,600/m² land value. This property’s $1,478/m² listing midpoint sits 5–7% below those recent deals, suggesting pricing discipline from the vendor despite limited floor-area upside. For a first-home buyer, the 3-bedroom layout with shed and recent refresh removes immediate capital outlay; for an investor, the yield is acceptable only if no vacancy occurs. Book a building and pest inspection to confirm the 1990s-era structure precedes the cosmetic upgrade.