3/29 Munro Street, Alfredton VIC 3350

Modern townhouse | Ballarat High zone | low-maintenance courtyard | FTTP connected This property offers a rare combination of a secure townhouse layout with a fully fenced courtyard, making it one of the more private and usable options in Alfredton’s current unit stock. The Ballarat High School zone is a genuine positional advantage for families or investors targeting that demographic, and the low-maintenance design with built-in robes, dishwasher, and split-system heating and cooling reduces ongoing holding costs. It serves best a buyer seeking a lock-and-leave home or a rental property with stable tenant appeal, particularly given the reliable NBN connection and secure garage. The main risk is the limited land component at 110m², which caps long-term capital growth compared to houses on larger blocks, and the property’s classification as an apartment or unit may restrict some buyer pools. The estimated rental yield sits around 4.9% based on current value estimates, which is reasonable for the area but not exceptional. Opportunities lie in the strong local demand from renters and the Ballarat High catchment, which supports consistent occupancy. Hold this property as a medium-term income-producing home or rental, and monitor the Alfredton unit market for any shift in median pricing.