1D Tyrrell Street Mont Albert North VIC 3129

Large 929m² lot in townhouse zone | 4 bed, 3 bath above-area norm | No overlays simplifies use | High side rental yield for type This townhouse presents a configuration edge, offering a substantially larger land parcel than typical strata offerings, within a low-density residential zone. Its four-bedroom, three-bathroom format serves a family demographic seeking space and modern functionality without the maintenance burden of a standalone house. The absence of bushfire, flood, or heritage overlays removes material planning risk and cost for an owner, streamlining potential future alterations. The primary decision mechanism is the price premium for land size against a strata title, which may compress capital growth relative to a house on a similar lot. The estimated rental yield sits at the higher end for the suburb, offering some income defence. Acquire this as a long-term family holding, leveraging its scarcity of scale within the townhouse market. A professional property report would pressure-test the $1.82m valuation against true comparable sales and detail strata governance, ensuring the lot size advantage justifies the title compromise. Recent comparable sales data is limited, but available listings indicate a broad market. For instance, 25 Kenmare Street is marketed between $4.7-4.88m, representing a wholly different house product, while other townhouses like 4/30 Strabane Avenue provide a closer, though not direct, benchmark. This underscores the uniqueness of the subject property’s large lot, making precise valuation dependent on uncovering sales of similar atypical strata lots.