16/47 Waterhaven Boulevard Point Cook VIC 3030

Modern 3-bed townhouse | Wetlands views & walking trails | Single garage | Flood overlay | Low-maintenance estate living This property presents a competitively priced, low-maintenance entry into the sought-after Waterhaven Estate, with its modern finishes, efficient three-bedroom layout, and direct access to wetlands offering strong appeal for first-home buyers or investors seeking reliable rental demand. Its compact land size and single car space define its position as a convenient, lifestyle-oriented purchase rather than a land-banking opportunity, best serving those prioritizing proximity to amenities over future land value growth. The primary decision factor is the flood overlay, which necessitates specific insurance inquiries and may affect long-term cost and resale. However, the calculated gross rental yield near 4.7% provides a solid income foundation for an investor, while the recent capital growth from its 2018 sale price indicates established momentum. This property is a hold for steady returns, not a strategic land play. Our detailed report would quantify its precise market valuation, clarify the flood overlay’s practical implications, and benchmark its yield against genuine local comparables. Recent comparable sales context: – This property last sold for $485,000 in March 2018. While specific recent sales of identical townhouses are not detailed in the provided data, this historical sale establishes a baseline for past growth, underscoring the importance of securing a current, evidence-based valuation against today’s market conditions.