4/88 Creswell Street Crib Point VIC 3919

3-bed unit, Crib Point | 245sqm low-maintenance lot | dual car spaces including garage | strong rental yield potential | school-zoned positioning. This unit presents a rare configuration advantage in the Crib Point market: three bedrooms plus two dedicated car spaces on a compact 245sqm lot. For a buyer seeking a low-maintenance holding with immediate rental capacity, the estimated $555 per week income against a $600,000–$660,000 price range signals a yield above the area median. The Mornington Peninsula Shire location, with zoning for Crib Point Primary and Western Port Secondary College, adds a family tenant pool. The absence of heritage or flood overlays reduces holding complexity, while bushfire overlay is standard for the region and does not materially affect insurability or resale for a unit in a complex. This property best suits an investor or a downsizer wanting lock-and-leave convenience with strong rental fundamentals. The primary risk is the limited land value: a 245sqm lot in a unit complex offers no subdivision potential and slower capital growth compared to a house on a larger block. The buyer pays for the configuration, not scarcity. However, the current rental listing at $510 per week provides a floor for income, and the high-confidence estimate of $555 suggests upward rent revision is achievable with minor cosmetic updates. The recent 2021 sale at $502,000 shows a 20% increase over five years, modest but stable. Hold this property for steady rental income and low vacancy risk, not for speculative land appreciation.