2/52 Railway Parade, Pascoe Vale VIC 3044

Modern tri-level townhouse | Walk to Pascoe Vale station | Strong school zone | Compact but well-configured | 77sqm land This property presents a compelling entry point for a buyer seeking a low-maintenance townhouse with genuine transport connectivity. The tri-level layout is unusual for this price bracket in Pascoe Vale, offering separation of living and sleeping spaces that typically appeals to owner-occupiers or tenants. Being within walking distance of the station and zoned for Strathmore Secondary College gives it a positioning advantage over comparable stock further from the spine. The estimated rental yield of around $550 per week supports an investor thesis, though the primary strength here is the location-to-price ratio for a first home buyer or downsizer wanting train access. The small 77sqm land footprint and single bathroom are the main constraints, limiting appeal for families or anyone seeking expansion potential. Body corporate costs are not disclosed but should be verified, as they can erode the yield in a nine-property development. The 2018 sale price of $445,000 suggests reasonable capital growth, but the current guide sits below the suburb median, which may indicate realistic pricing rather than discount. No flood or heritage overlays reduce holding risk. This property works best as a hold-and-rent or a five-to-seven year owner-occupied step, not a renovation play.