2/21 Montana Avenue, Mulgrave VIC 3170

Four-bedroom rear townhouse | 252sqm on title | built 2010 | Monash school zone This townhouse’s competitive edge lies in its rear position, which delivers more privacy and less street noise than a front unit, combined with a functional 252sqm land size that is uncommon for a four-bedroom townhouse in this price band. The dual living zones, upstairs study, and covered alfresco area with bi-fold access to a sundeck create genuine separation for a family or professional couple. The kitchen’s waterfall stone and butler’s pantry are above-standard finishes for a 2010 build, and the double garage with rear roller door adds practical utility. This property suits buyers who need four bedrooms and a low-maintenance footprint but want a house-like feel without strata complications. The primary risk is the 2024 purchase at $1,050,000, meaning the current guide implies no capital growth in over two years, and the asking range sits near that level. The 252sqm land is small for a freestanding house, limiting future subdivision potential, and the rear access may complicate deliveries or moving. The rental yield near 4% is solid for this area, offering a viable hold strategy if the buyer’s timeline is medium-term. The Monash council area and school catchment add long-term demand stability. Hold this property as a family home or a low-effort rental; do not expect land-banking upside.