33 Glade Avenue, Altona North VIC 3025

Reverse-living townhouse | Altona North | Compact 93sqm block | Bushfire overlay present | Auction June 20 The reverse-living configuration is this property’s primary competitive edge, placing the master bedroom and ensuite upstairs while leaving a ground-floor bedroom for guests or flexible use, a layout rarely found in townhouses at this price point. The compact 93sqm block and 74sqm building size are constraints that will limit family appeal but position the property precisely for downsizers or professionals seeking low-maintenance living with study space and a courtyard. Location within Altona North offers access to Millers Road retail and employment corridors, which supports consistent demand from owner-occupiers who prioritise convenience over land area; the presence of bushfire and flood overlays is the factor that will determine buyer negotiation strength. Both overlays impose specific insurance premiums and conveyancing due diligence costs, which the asking price below automated estimates may already discount, but these risks must be quantified before bidding. The estimated rental income of $675 per week suggests an investor could achieve a yield that offsets holding costs, though resale value hinges on a buyer pool accepting the overlay burden. Hold this property as a compact residence or rent it for cash flow, but only after confirming overlay compliance costs.