23 Shearwater Place, Mernda VIC 3754

Lakeside location | Compact modern townhouse | High building coverage | Strong rental yield This property presents a competitively dense, modern housing solution in a sought-after tranquil setting, a configuration increasingly common in newer estates. Its high building coverage and efficient 196m² floor plan on a 228m² lot deliver a low-maintenance, contemporary lifestyle, primarily serving first-home buyers or investors seeking a turnkey property with reliable rental demand. The strong estimated yield near 4.2% underscores its investment merit. The primary risk is the compressed outdoor living space and bushfire overlay, which may limit future extensibility and incur compliance costs. However, the established rental history and high-confidence yield signal a sound income opportunity. Acquire this property as a long-term hold for capital growth in a maturing estate, leveraging its modern finishes and location to secure stable tenancy.