240/218 Bay Road, Sandringham VIC 3191

Flood overlay risk | 1 bed trade-off | low rise completed | high rental yield potential This property carries a specific cost from the flood overlay and a functional trade-off in its single-bedroom layout. A flood overlay typically raises insurance premiums and may narrow the buyer pool on resale, while a 1-bedroom unit limits appeal to investors and downsizers over couples. The competitive advantage here is the yields potential against entry price—at $330k-$360k, this unit could net a 5.5-6.5% rental return, high for Sandringham. It suits a hold strategy for income, not rapid appreciation. The balcony and new build condition mitigate some liquidity risk, but the overlay remains a pricing ceiling. The property’s strength is its new build condition in a completed low-rise development with secure parking, which is rare for 1-bedroom apartments at this price point in Bayside. The NBN FTTP and 5G coverage support working-from-home tenants, adding to rental stability. This unit serves best an investor seeking cash flow on a smaller outlay, rather than a buyer looking for capital growth in a high-demand precinct. The flood overlay and compact space make it less suitable for owner-occupiers who value future resale breadth. For a buyer who wants to see the actual floorplan and confirm the flood overlay’s insurance impact, the next step is to request the property certificate and a current insurance quote before proceeding.