203/8 Clydebank Road, Edithvale VIC 3196

Tenant locked until mid-2026 | below-median rent locks yield | exposure to unit oversupply risk in beachside ring | no heritage or flood overlay The property’s fixed lease at $610 per week holds income steady but caps yield below the suburb median of $640, costing around $1,560 annually in foregone rent against a $650,000 valuation. This lock-in favors a buyer seeking predictable cash flow over capital growth timing, though the 78m² floorplate and 2-bedroom specification limit owner-occupier appeal compared to more open layouts in the complex. It should be held as a passive investment managed for depreciation and staggered rent review at lease expiry. The bright floorboards, balcony, and secure garage position this as a low-maintenance entry into a walk-to-station and beach pocket, which is rare for sub-$670,000 units in Edithvale. The NBN Fibre to the Building supports remote work without being a headline feature. It serves a budget-conscious investor or a first-time owner-occupier who values proximity over space. The buyer whose due diligence confirms minimal body corporate risk and comparable values around $680,000 in the same complex will find the pricing disciplined, though the 2016 last sale suggests stagnant market uplift has been absorbed into asking range.