18/33-37 Leslie Street Donvale VIC 3111

Limited off-street exposure | strata levies reduce yield | comparables at top of guide signal ceiling | no climate overlay but garden requires maintenance This townhouse carries a narrow risk band: the $930k–$990k guide sits within a 3% range of the prior $970k sale, meaning any premium beyond that erodes long-term capital growth, not rental return. The combined $1,099 quarterly outgoings strip 0.35% off gross yield, tolerable for a 3.12% net return, and the double remote garage with garden access offers a storage arbitrage uncommon in comparable units. Hold for steady family demand rather than speculative upsizing. The own-frontage and private driveway give this unit a semi-detached feel-rare in a 198m² strata lot-and the zoned Milgate Primary and East Doncaster Secondary College create a durable buyer pool among young families and downsizers seeking low-maintenance living without sacrificing school access. The neutral palette and timber-inspired flooring reduce immediate reno costs, making it a turnkey hold. The first buyer who secures this below the $960k mark will gain a margin of safety against the 2023 comparables; to confirm that edge, request the full Statement of Information and map the last four unit sales within 1km for your final walk-through.