41 Tannin Way, Waurn Ponds VIC 3216

5 beds on 500m² | walking to station & Deakin | bushfire & flood overlays | furnished for student rental This property presents a competitively large, modern house in a high-utility location. Its five-bedroom format on a 501m² block is notably larger than typical local stock, directly serving the family upgrade or investor market. The walking proximity to the train station, Deakin University, and major retail centres creates a durable demand profile, particularly for furnished rental to the student and professional share-house market, which is explicitly targeted by current listings. The dual living areas and low-maintenance design support this flexible use. Your decision hinges on managing the documented bushfire and flood overlays, which impose specific insurance costs and potential planning constraints, against the property’s strong income capability. The heritage overlay may limit future alterations. The commercial logic is clear: this is a high-yield rental play for a patient buyer, not a short-term renovation prospect. Acquire it as a long-term holding to capitalize on institutional rental demand from the university and hospital precincts.