2/4 Ann Street, Mooroopna VIC 3629

2-bedroom unit | Mooroopna location | $370pw rental potential | Flood overlay present This unit presents a rare combination of entry-level pricing and immediate rental viability in a corridor where stock under $300,000 is increasingly scarce. The 62m² floorplan with two built-in bedrooms and split-system cooling targets first-home buyers and small households who prioritise low-maintenance living over space. The garage and gas kitchen add practical edge for this price point, making the property defensible against cheaper alternatives on the market. It suits an owner-occupier seeking a foothold or an investor chasing a 6.6% gross yield without renovation risk. The flood overlay is the principal risk, narrowing the buyer pool and potentially affecting insurance premiums by $400–$800 annually. This cost must be factored into holding calculations. The 184m² lot offers no development upside, and the 2008 purchase price of $124,000 confirms long-term capital growth has been modest relative to the region. However, the property is priced below replacement cost in a tight rental market with FTTP connectivity as a quiet differentiator. Hold for steady rental income or occupy as a cost-efficient base; capital appreciation will lag metropolitan markets but downside is limited at this entry level.