31 Kennington Road, Rosebud VIC 3939

Large coastal block | Older brick veneer | Single bathroom | “Paris end” prestige | Strong rental yield This property presents a compelling opportunity based on its land position and underlying demand. Its substantial lot in a sought-after coastal precinct is its primary competitive strength, offering future potential in a stable residential zone. The functional, older house currently delivers a solid gross rental yield, estimated between 4-5%, catering directly to investors seeking land-backed exposure to a high-demand coastal market. The configuration, with one bathroom and a modest build, however, precisely defines its buyer: a value-oriented investor or renovator, not a premium owner-occupier. Proceed with the understanding that its age and single-bathroom layout are explicit value constraints, capping its appeal and resale pool against newer stock. The commercial logic is to acquire the land and income, with a view to eventual improvement or long-term hold. This is a strategic hold for yield and land banking, not a premium lifestyle purchase.