2/40 Raglan Street, Darley VIC 3340

Standalone unit, long lease secured | 117sqm block, renovated interior | Darley quiet pocket, near amenities | Investor-first opportunity, yield confirmed The buying case rests on a rare combination of fixed income security and a standalone footprint. A tenancy locked until mid-2027 at $1,343 per month removes vacancy risk for the near term, which suits an investor seeking immediate, predictable cash flow. The 117sqm block and renovated bathroom add practical longevity, while the split-system air conditioning and built-in robes support tenant retention. This property serves best as a low-management addition to a portfolio, or as a first purchase for a buyer who values income certainty over cosmetic flexibility. The primary risk is the lease itself: the buyer cannot occupy or materially alter the unit until May 2027, which eliminates owner-occupier or renovation strategies. The price guide sits well below Domain’s estimated range, which may indicate a motivated seller or a discount for the tenancy encumbrance, but a formal appraisal is needed to confirm whether the gap reflects genuine value or an outdated valuation. The property’s classification as a unit within a small complex may also limit capital growth compared to freehold houses in Darley, though the standalone nature and backyard partially offset that.