171 Halsey Road, Airport West VIC 3042

Multi-unit block, 1000m² land, NBN FTTP, long-term hold potential, Moonee Valley zoning. The property’s competitive strength lies in its land-to-unit ratio: a 1000m² lot with only four dwellings offers a rare redevelopment or subdivision opportunity in a well-zoned area, absent of flood or heritage constraints. This configuration suits a buyer seeking long-term capital growth through land banking or future densification, with the existing units providing immediate rental income. The fully renovated unit 1/171 and the main house’s long tenure suggest a stable, low-turnover building, reducing management complexity for an investor. The primary risk is the lack of recent sales data, making precise valuation difficult, and the unknown condition of units 2 and 3, which may require capital expenditure. The buyer’s cost is the need for a thorough inspection and potential holding costs if renovation is needed. Commercially, the logic is to acquire for land value, hold for passive income, and consider a future strata subdivision or development application. This property is best held as a long-term land play with immediate cash flow.