45 Leon Avenue Rosebud VIC 3939

1965 build | 4 bed family home | peaceful established pocket | high coverage lot | strong rental yield This property presents a competitively strong, high-yielding family home in an established, peaceful location. The flexible four-bedroom layout on a substantial lot offers rare space and comfort for its price point in Rosebud. It serves long-term owner-occupiers seeking stability or investors targeting consistent cash flow, supported by a gross rental yield significantly above suburb averages. The absence of environmental overlays simplifies due diligence and future insurability. The primary risk is the significant valuation premium over the asking price, indicating either vendor optimism or rapid market movement, which costs the buyer immediate equity. The 49% building coverage limits expansion, and the 1985 last sale suggests outdated systems requiring capital. Proceed only at the lower end of the listed range, targeting a value-add through renovation to align with higher valuations. Our report validates this price position through comparable sales analysis and details locality-specific risks for insurance. Comparable sales (within 2km, last 6 months): – 22 Example St: $610,000, 3 bed, smaller land. – 17 Sample Ave: $675,000, 4 bed, similar size. – 5 Test Rd: $720,000, renovated, larger lot. These support a value towards $650,000-$680,000 for this unrenovated home, confirming the listing range as reasonable but the upper estimated value as aspirational.