3/62 Collins Street Mentone VIC 3194

Elevated parkside position | 157m² lot in 2005 townhouse | Near bay & thriving centre | Low-maintenance lifestyle This property presents a competitively strong, low-maintenance lifestyle proposition within a tightly held location. Its elevated, parkside setting on a 157m² lot provides rare scenic views and dual outdoor areas, a configuration that outperforms typical unit stock. The three-bedroom, two-bathroom layout serves lifestyle buyers seeking proximity to Mentone’s centre and bay, with recent rental listings confirming solid demand from this segment. The decision hinges on reconciling its 2009 sale price with current estimates, a gap indicating significant market movement that requires validation. The absence of overlays mitigates regulatory risk, while the established rental yield offers a logical entry for an investor or owner-occupier seeking both utility and income. A prudent next step is to commission a tailored valuation and locality risk assessment to pressure-test the price against true market comparables. Recent sales context is limited, but the property last sold in 2009 for $557,500. Current estimates range from approximately $800,000 to $1.26 million. This wide band underscores the necessity of securing contemporary, like-for-like sales evidence to anchor your offer, as historic data provides no reliable benchmark for today’s market.