10 Celosia Street, Clyde VIC 3978

4 beds, 2 baths, 350sqm | 69% building footprint, high utility | Established pocket, no overlays | Study, alfresco, dual garage This property offers an unusually high floor-to-land ratio at 69% coverage, which means the internal living space is generous for its lot size—a rare configuration in newer estates where homes often feel squeezed. The inclusion of a dedicated study, separate lounge, and alfresco gives it a functional layout that competes well against newer builds with smaller footprints. It sits in a family-oriented pocket with no bushfire, flood, or heritage overlays, which reduces due diligence risk and insurance costs. The property is best suited to owner-occupiers seeking a turnkey house with good separation of spaces, or investors targeting the family rental market where the median rent of $630 per week is well-supported by the area’s demand profile. The main risk is the lot size: at 350sqm, there is limited land value growth compared to larger blocks, and the high building coverage leaves little room for future extensions or a shed. Buyers should also note the property was last sold as vacant land in 2021 for $312,000, meaning the current price largely reflects the building cost plus developer margin—there is no land appreciation windfall built in. The opportunity lies in the fact that the home is already complete and has strong rental yield potential, with estimated returns of 4.0–4.5% gross. Hold this property as a long-term family home or a buy-and-hold rental in a corridor with steady population growth.