11/12 Northside Drive, Wollert VIC 3750

Wollert townhouse | 3 bed, 2 car | recent 2024 build | zoned for growing schools | no overlays This townhouse presents a competitively priced entry into a growth corridor with strong rental fundamentals. Its recent construction, dual living zones, and inclusion of practical features like a dishwasher and remote garage position it as a modern, low-maintenance option. It serves first-home buyers or investors seeking a tenancy supported by established school catchments and high-speed connectivity, avoiding the premium for detached housing on larger blocks. The primary risk is the compressed capital growth typical of small-lot townhouses within complexes, which can underperform detached houses in the same suburb. The current asking range appears to reflect a significant markup from its August 2024 sale price, demanding scrutiny. Proceed only if the acquisition aligns with a hold strategy targeting rental yield over short-term equity gain, as the property’s value is anchored by its strata context and lot size. The property last sold for $470,000 in August 2024. This recent transaction provides a clear baseline, indicating the vendor’s equity position and establishing a tangible reference point for negotiating within the current $560,000 – $595,000 asking range.