45 Solway Street, Ashburton VIC 3147

Architecturally designed house | 410m² land in Ashburton | No overlays | Near top primary school | Auction mid-April This property presents a competitively strong offering as a freestanding house on a full block in a premium Boroondara location, a configuration becoming increasingly rare. Its architecturally designed nature and contemporary finishes position it above typical stock, appealing directly to owner-occupiers seeking space and quality in a family-centric catchment. The absence of bushfire, flood, or heritage overlays removes significant approval risk, streamlining future renovation potential. It serves the family buyer who prioritizes long-term land value and immediate proximity to a well-regarded primary school over high rental yield. Proceed with the understanding that the main risk is the auction premium commanded by such a clean, well-located house, compressing initial yield. The calculated gross rental yield of approximately 2.5% is below par, confirming this is a capital growth play, not an investment for cash flow. The opportunity lies in securing a low-maintenance, modern home on a substantial parcel where future townhouse development is constrained by zoning, protecting its character. The commercial logic is clear: acquire for long-term hold as a primary residence.