2/31 Conn Street, Ferntree Gully VIC 3156

Modern two-storey townhouse | curated interiors | outer-east family corridor | low-maintenance entry point. This property presents a rare combination of low-maintenance townhouse living with a genuinely curated interior, where the built-in robe murals signal a level of finish that typically demands a premium. Its position within the Ferntree Gully family corridor, free of overlays and with strong school catchment, makes it a defensive buy for first-home buyers or investors seeking a reliable 4-5% gross yield. The two-level layout and balcony offer a point of difference from standard ground-floor units, improving tenant appeal and resale depth. The primary risk is the narrow lot depth, which limits future extension potential and may constrain capital growth relative to detached houses in the same suburb. Buyers should also note the single bathroom configuration, which may narrow the pool of family renters. The opportunity lies in the current listing price range, which sits below the Domain estimate, offering a potential entry discount. Hold for steady rental income and moderate capital appreciation, not speculative uplift.