40 Hannora Cres, Croydon VIC 3136

4 beds on 703sqm | no overlays | near Kalinda PS | strong rental demand This property offers a rare combination of a large 304sqm building on a 703sqm block with no bushfire, flood, or heritage overlays, giving a buyer a clean site with renovation or extension optionality. The four-bedroom, two-bathroom configuration with four car spaces and solar panels positions it as a strong family proposition in Croydon, particularly for those prioritising Kalinda Primary School and Melba Secondary College zoning. The building coverage at 43% leaves meaningful outdoor space, and the estimated rental income of $890 per week suggests robust tenant demand if held as an investment. The main risk is the property’s prior configuration as a three-bedroom house, meaning the current four-bedroom layout may reflect a renovation that could carry hidden structural or compliance issues – a building inspection is essential. The listing price guide aligns closely with the estimated value, so there is limited discount opportunity unless the seller is motivated by days on market. For a buyer, the property suits a long-term hold where school zoning and land size underpin capital growth, and the absence of overlays keeps future development optional. Use this as a core family home or a high-yield rental with reversion potential.