2/9-11 Rosebank Terrace, Templestowe Lower VIC 3107

Single-level townhouse | three-bedroom two-bathroom | oversized master with ensuite | tightly held owner-occupied street This property offers a rare configuration in a tightly held street where all five properties are owner-occupied, giving a buyer immediate positional advantage in a low-turnover pocket. The single-level layout with high ceilings and an oversized master suite appeals to downsizers and professional couples who prioritise accessibility and space without sacrificing a double garage with internal access. The zoning to Templestowe Valley Primary School and Templestowe College adds family utility without the premium of a school catchment premium being priced in. The estimated rental yield of 2.9% is below suburb average, so this is a hold-for-occupancy rather than a yield play. The primary risk is the absence of recent sales history on this street, which means the buyer must rely on nearby comparables—2 Rosebank Terrace at an estimated $865,000 signals a potential overhang if the market softens further given Templestowe Lower’s -0.8% growth. The 279m² lot is modest for a townhouse, limiting future subdivision or extension upside. However, the property’s single-level design and lack of heritage or flood overlays give it strong re-sale liquidity to the 60-plus demographic that dominates the area. Buyers should treat this as a long-term home rather than a short-term trade, with the double garage and separate laundry adding functional durability for a decade-plus hold.