20 Tanner Street, Breakwater VIC 3219

Move-in ready | Strong rental yield | 2024 resale may limit upside | Quiet pocket but single bathroom caps market This property’s principal risk is the single bathroom for three bedrooms, which reduces appeal to families and future resale competition, likely costing at least a 5–7% discount versus two-bathroom comparables. The opportunity lies in the reno- ready condition and 614m² lot-both rare at this price-offering a floor- plan that requires no immediate capital, preserving cash. A measured buyer can negotiate toward the lower guide range, using the bathroom constraint and 2024 transaction recency as leverage. This house is best held as a solid rental or entry-level owner-occupier home where low holding costs outweigh future equity growth. The competitively strong elements are the fully fenced yard, separate deck, and three off-street car spaces-features that directly serve dual-income renters or young families needing low-maintenance outdoor space and vehicle storage. The quiet pocket with no overlays gives a clean insurance and renovation profile. This suits first-home buyers or investors wanting immediate cash flow in a connected suburb; the NBN and 5G coverage support remote workers. Next step: commission a building and pest inspection to verify reno quality, then proceed with an offer conditional on comparable reno properties within 500m to anchor your price floor.