2/12 Gordon Street Spring Gully VIC 3550

Three-bedroom unit | Back from street for privacy | Bushfire overlay | Spring Gully Primary catchment | ~5.1% gross rental yield This unit presents a competitively priced entry into a established school catchment, with its private positioning and single-level layout serving owner-occupiers seeking ease or investors targeting family tenants. The consistent rental estimate against the last sale price demonstrates solid income fundamentals for a holding strategy. Its core appeal is a lower-priced alternative to freestanding houses in the area, best suited for a long-term hold. Decision hinges on reconciling the inconsistent land and floor area records, a due diligence priority that affects valuation and insurance. The bushfire overlay necessitates specific insurance costs and may impact future improvements. Proceed with a commercial bid below the current asking price, anchored to the estimated value range, for a buy-and-hold investment. A Propcred report would clarify the true land entitlement, verify overlay implications, and provide a defensible market valuation to secure this property on correct terms.