2/34 Melaleuca Drive Carrum VIC 3197

Bayside townhouse | 2-bed, 2-bath lock-up | Flood overlay present | Walk to river, village & station This townhouse presents a competitively priced bayside entry with a functional two-bedroom, two-bathroom configuration and a private garage, a combination offering strong rental utility. Its prime strength is an irreplaceable location within walking distance of Patterson River, Carrum Village, and the station, serving buyers seeking a low-maintenance lifestyle or investment with immediate tenant appeal. The property is best suited for an owner-occupier valuing connectivity or an investor targeting consistent yield from a modern, amenity-rich unit. The defined risk is the flood overlay, which necessitates specific due diligence on insurance premiums and potential future resale implications. The estimated rental yield near 4.2% provides a solid income foundation, making a hold strategy logical. For a precise valuation that accounts for the flood overlay’s impact and authentic local comparables, a PropCred report would quantify the market position and detail requisite locality checks.