2/4-6 Manatunga Street Clayton VIC 3168

2-bedroom unit | Monash zone | near university and hospital | strong rental demand This unit presents a rare combination of location and price point for Clayton. Its proximity to Monash Medical Centre and Monash University creates a tenant pool that supports consistent rental demand, with the current estimate of $475 per week offering a yield above many comparables. The floorboards and gas heating are practical upgrades that reduce maintenance for an owner-occupier, while the absence of bushfire or flood overlays simplifies insurance. The building’s long average owner tenure of over 16 years suggests a stable, low-turnover community that appeals to buyers seeking a quiet residential hold. This property best suits an investor targeting reliable cash flow or a first-home buyer wanting immediate livability in a high-demand corridor. The primary risk is the 1960 build age, which may introduce deferred maintenance—common area costs or future special levies should be verified through the owners corporation. The single bathroom and open car space limit appeal to families but are standard for this price tier. The recent sale of unit 10 at $355,000 in May 2025 sets a lower benchmark, so the current list price at $400,000–$440,000 requires negotiation to avoid overpaying. The rental upside from $475 to $570 achieved by a comparable unit demonstrates achievable growth with minor cosmetic refresh. Hold this property for rental income or entry into the Clayton market, and avoid overbidding beyond $400,000.