3 Yellowstone Road, Tarneit VIC 3029

Modern compact house in Tarneit Rise | 3-bed functional layout on 220sqm | Mid-$400s rental yield potential | Low overlay risk with strong school catchments This property is positioned as a competitively priced entry point into a well-serviced pocket of Tarneit, where the compact land size is offset by a functional three-bedroom layout and a location within the Tarneit Rise Primary School catchment. For a first-home buyer or downsizer, the combination of low reported flood, bushfire, and heritage risk, alongside FTTP and 5G connectivity, reduces the likelihood of unexpected holding costs. The rental yield estimate of 4.2 to 4.4 percent suggests the house could also suit an investor seeking moderate but stable cash flow, particularly given nearby comparable sales activity for three-bedroom homes in the area. The primary risk is the small 220-square-metre block, which limits future extension potential and may not appeal to families seeking more outdoor space. The buyer should also note the variation in lot identifiers across listings, which warrants a title search to confirm boundaries. That said, the asking price aligns closely with independent valuation ranges, reducing the risk of overpaying. The property is best held as a long-term residential investment or owner-occupied home, with the school zone and low overlay profile supporting steady demand.