26 Heath Street, Red Cliffs VIC 3496

Townhouse, CBD edge, rear lane access | 3-bedroom low-maintenance | Tenanted until July | School catchment positioning The property’s strongest buying case is its location at the centre of Red Cliffs CBD, combined with a practical, low-maintenance layout that suits both investors and owner-occupiers. The 3-bedroom configuration on a 360m² block with rear lane access is uncommon for a townhouse at this price point, offering parking flexibility and storage that many similar properties lack. Being tenanted at $430 per week provides immediate income certainty, and the school catchment for Red Cliffs Primary and Secondary adds long-term demand stability. The absence of bushfire, flood, or heritage overlays reduces insurance and development friction, making this a straightforward hold. The primary risk is the single bathroom, which may limit appeal for families or future resale in a competitive market. The current rent is below the estimated average of $475 per week, meaning an opportunity exists to adjust toward market rate once the lease expires in July. NBN Fibre to the Node is adequate but not a prime driver, though 5G coverage is a positive. The property is best suited to an investor seeking stable, low-effort rental yield or a first-home buyer wanting a central, lock-and-leave home. Hold for cash flow and consider a modest rent review at lease end.