4 Cosmos Street, Dromana VIC 3936

4-bedroom coastal house | Dromana, 604m² lot | 2-bath, 1975 build | high confidence rental yield This property presents a compelling buying case for its efficient land use and immediate rental potential. The 33% building coverage on a 604m² lot is unusually low for a four-bedroom home, offering a rare configuration edge for buyers seeking future extension or subdivision optionality, while the 6m roof height and elevated ground position deliver genuine bay views that are scarce at this price point. The layout, with whitewashed interiors and hardwood flooring, suits families who value indoor-outdoor living without renovation burden, and the absence of bushfire or flood overlays reduces insurance and compliance friction. It is best positioned for owner-occupiers wanting a permanent coastal home or investors targeting the $690-per-week rental bracket with high confidence. The primary risk is the 1975 build age, which may introduce deferred maintenance in plumbing or insulation that a pre-purchase inspection should verify, though no heritage overlays or structural red flags are evident. The opportunity lies in the listing price sitting above the estimated value, suggesting room for negotiation if the property lingers beyond three days on market, while the comparable at 4 Susan Street reinforces that comparable homes trade near $950,000. The FTTP NBN and 5G coverage support remote work viability, a secondary value add for buyers who require connectivity.