15 Crest Drive, Rosebud VIC 3939

Bushfire overlay locks insurance and exit speed | Lease to 2026 blocks owner-occupation but secures income | 343m² building on 925m² lot pushes site coverage near limit | Premium to Rosebud median likely not repeatable in a flat market. The structure’s 37% site coverage constrains future extension or pool placement, and the northwest orientation may overheat the rear living zones without adequate shading retrofits. The existing lease at $765 per week until July 2026 provides a net yield around 3.5% on a mid-point price, competitive for a single-level modern house but not exceptional for the area. This property suits a buyer seeking predictable income with a known exit timing, not an owner-occupier or a short-term speculator. The near-new build, double-glazed windows, and ducted heating and cooling reduce maintenance and energy costs over the first decade. The rumpus room and separate living zones serve a family or tenant household well, while the proximity to Rosebud Primary School and bush reserves adds lettability stability. Best suited for a cash-flow-focused buyer who can hold until vacancy and then occupy or sell into a possibly softer 2026 market. Based on the Oct 2021 sale of $1.335m and the current $765 weekly lease, the property’s value has effectively flatlined or declined slightly in nominal terms by early 2026. The $1.26m estimate and $780-$920 rent range suggest a recovery to 2021 pricing may require a 2–3 year hold. A buyer should use this data to negotiate below the mid-point asking, as the property has not appreciated over the last four years.