17 Balerno Circle, Gowanbrae VIC 3043

Lot size contradiction | 1ha vs 159sqm | zoning risk unclear | rental yield under 4% on high entry | no recent rental history This property’s primary risk is the unresolved lot size discrepancy that could materially impact land value and future development optionality—buyers effectively pay for a 1.63-hectare narrative while reality may be a 159-square-metre townhouse block. The opportunity sits in the location and view amenity, but without independent title verification the price already reflects a premium for land that may not exist. Hold only if verified as the larger lot; otherwise, this trades as a well-positioned but overvalued double-storey dwelling. The cul-de-sac backing reserve and valley views are genuinely rare for this corridor, and the NBN FTTP and 5G coverage give solid working-from-home fundamentals. This property best suits a family prioritising parkland proximity and natural light over school catchment performance or rental return. To proceed, instruct a solicitor to confirm the title dimensions before any offer—this one detail determines whether you have a bargain or a budget trap.