49 Long Valley Way, Doncaster East VIC 3109

Dual-storey family home | elevated high-side position | 5-bedroom flexible layout | strong rental history The property’s configuration—a dual-storey layout with a ground-floor guest suite and two master bedrooms—offers a rare functional edge for multigenerational families or those seeking tenant flexibility. Its elevated high-side position on a quiet pocket in a sought-after school zone (Milgate Primary, Warrandyte High) strengthens buyer demand, while the 793m² lot with 29% site coverage leaves room for future landscaping or extension. The dual listing for sale and lease signals seller flexibility, which can be leveraged in negotiation, particularly given the estimated value of $1,408,000 sits above the current asking range. This property best serves owner-occupiers who value space, zoning for good schools, and a layout that adapts to changing household needs. The primary risk is the compressed days-on-market (5 days) in a suburb where median house price is $1.6m—this suggests the listing may be priced to attract quick offers, potentially leaving value on the table for a patient buyer. The 2021 sale at $1,180,000 and current rental yield around $870/week indicate moderate capital growth and solid income potential, but the absence of heritage or bushfire overlays means future development is not constrained. Opportunities lie in negotiating below the upper range given the dual listing, or securing the property as a long-term hold with rental income covering holding costs. Buy with a clear view to either occupy or lease for steady cash flow.