101/117 Durham Road, Sunshine VIC 3020

Sunshine exposure | immediate rental cover | ground-floor retail noise risk | strata unknown | limited capital upside corridor The primary risk is the lease sitting below replacement yield, compressing your net income when body corporate costs are deducted. Buyers paying above $310,000 are underwriting negligible capital growth until Sunshine’s precinct rezoning matures. That said, the existing $1,477 monthly rent covers holding costs at the lower end of the guide. This is a cash-flow play, not a land-value bet—hold for income, not appreciation. The property’s competitive strength is its dual-function exit: tenant in place or vacant possession for owner-occupiers within 90 days. The stone bench, stainless appliances, and private balcony are not upgrades; they are the market baseline for entry-level stock here. Best suited to an investor seeking sub-5% gross yield with passive management, or a first-home buyer willing to trade size for proximity to Sunshine Station and the Western Ring Road. To test your position, request a 2024 body corporate fee disclosure and strata meeting minutes before making an offer.