2/17 Olive Grove, Mentone VIC 3194

Modern two-bedroom unit in Mentone | move-in ready with timber floors and natural light | stable residential zone with no overlays | strong rental demand in Kingston area This property presents a clean entry point into Mentone’s competitive unit market. The open-plan living with timber flooring and LED downlights is not common in this price segment, giving it a genuine edge over comparable stock. Its position within a low-density strata complex and absence of bushfire, flood, or heritage overlays reduces due diligence complexity for a buyer. The unit is best suited to first-home buyers or investors seeking a low-maintenance holding in a school-zoned pocket. The estimated value of $770,000 sits well above the current asking range, which suggests either a motivated vendor or a pricing strategy to generate multiple offers. The rental estimate of $600 per week supports a gross yield near 5%, reasonable for the area. The main risk is the small land component,this is a strata lot, not a house site,so capital growth will track the unit market rather than land appreciation. Buyers should commission a building and pest inspection before exchange. Hold this property as a long-term rental or owner-occupied starter, and avoid overpaying beyond $650,000 given the strata constraints.