48 Lorimer Street, Caroline Springs VIC 3023

3-bed townhouse | 212sqm lot | FTTP | Kororoit Creek zone | rental yield near 4% This property offers a rare combination of compact land efficiency and full fibre connectivity in a family-oriented corridor. The 143sqm build on 212sqm achieves high site coverage without sacrificing two car spaces, making it a strong entry point for owner-occupiers wanting modern amenity with minimal upkeep. Its zoning to Kororoit Creek Primary and Lakeview Senior College adds structural demand, while the rental estimate of $485-$625 per week suggests a gross yield near 3.8% at current guidance, appealing to investors seeking stable cash flow in a growth corridor. The key risk is price discovery: the $680k-$740k guide sits below recent neighbour estimates near $795k, but the 2018 sale at $625k and nearby townhouse sales at $541k-$675k suggest the market is still absorbing supply. No heritage or flood overlays reduce holding surprises, but the 18m roof height and 82m elevation offer no view premium. The buyer should negotiate firmly toward the lower guide, targeting a hold period of at least five years to capture Melton City Council’s infrastructure pipeline. Use this as a low-maintenance base or rental starter, not a capital gains play.