307/669 Centre Road, Bentleigh East VIC 3165

Modern 2-bed in boutique complex | McKinnon Secondary zone | high rental yield | low-maintenance living This unit presents a competitively priced entry into the prized McKinnon school catchment, a rarity at this price point, serving families and investors seeking secure tenancy. Its strong rental yield, supported by high-confidence data, indicates immediate income viability, while the boutique scale of the complex offers a more manageable strata environment than larger developments. The property is best suited for an investor targeting school-zone demand or a first-home buyer prioritising location over land, with its low-maintenance design catering to those averse to upkeep. Decision hinges on accepting strata-titled depreciation against location premium. The primary risk is muted capital growth, evidenced by comparable sales within the building showing flat or negative annualised growth over several holds; you are purchasing cash flow and zoning, not substantial appreciation. The opportunity is to secure a high-yielding holding in a stable rental catchment, with the commercial logic of using the rental return to service debt while banking on the long-term resilience of the school zone. Acquire this for hold, not flip, and underwrite based on its income. Recent sales within the same building provide critical context: – 503/669 (2 bed, 2 bath): Sold $600,000 in Feb 2026. – 202 (2 bed, 2 bath): Sold $635,000 after a 6-year hold. – 204 (2 bed, 1 bath): Sold $520,000 after 3 years. – 102 (3 bed, 2 bath): Sold $630,000 after 3 years. – 208 (1 bed, 1 bath): Sold $375,000 after 7 years. This history suggests a compressed value band for two-bedroom units, anchoring this property’s listing within the established market range and confirming that premium prices are not achieved here. The data supports a purchase at or below the midpoint of the quoted range to allow for the observed growth stagnation.