17A Ormond Road, Eaglemont VIC 3084

Land size uncertainty | High buy-in competing against 2020 price | Rental yield below 2.5% | Suburb median unknown The core risk is land inconsistency; if the true site is 478sqm rather than 938sqm, the price per square metre more than doubles, materially undermining capital growth assumptions. You are effectively buying a 2017 townhouse with a rental yield near 2.4%, which forces reliance on appreciation alone—a thin margin given the EOI range sits close to the 2020 purchase price after nearly six years. Hold only if you intend to occupy long-term and value the modern finishes and privacy; as an investment, the numbers do not support a premium bid. The property’s competitive strength is its private, landscaped forecourt and grand entry, which are rare in Eaglemont’s older housing stock. The 2017 build, three-car garage, and 330-395sqm internal area serve a family wanting immediate quality without renovation. This suits a buyer willing to pay for finish and layout over land speculation, and who treats the house as a home first. To move forward, verify the exact lot size through a title search and compare recent Eaglemont sales of similar age and size—this will determine whether the asking range is justified or optimistic.