17 Myrtle Grove, Doveton VIC 3177

Large block with duplex potential | Strong rental yield | Outdated comparables | No overlays This property presents a compelling opportunity based on its underlying land value and configuration. The substantial 998m² lot with only 16% building coverage is rare in this market, offering clear value in the land itself and immediate potential for dual occupancy or future subdivision, subject to council approval. The reliable rental yield, estimated around 4.3%, provides solid income support, making this house particularly suitable for an investor seeking land banking with cash flow or an owner-occupant planning a future multi-generational living arrangement. The primary risk is the absence of current market validation, as all comparable sales data is over four years old and from a different economic cycle, making accurate valuation difficult. You must budget for a potential valuation shortfall against the asking price. Proceed only with a stringent contemporary comparable analysis and a building inspection to clarify its duplex status and condition. Acquire this as a long-term land-play, not for its existing improvements.