5 First Street, Clayton South VIC 3169

Dual access on 706sqm | Original interiors with modern bathroom | Close to Monash and transport | Strong redevelopment potential | Established family suburb This property stands out for its uncommon combination of a 706-square-metre block, dual access, and three-car accommodation—a configuration rarely found in standard suburban stock. The brick veneer dwelling retains its original kitchen but benefits from a modern bathroom and central gas heating, making it immediately habitable while offering clear scope for renovation or extension. Its location near Westall Station, shopping centres, Monash Freeway, and Monash University supports strong demand from families, investors, and developers alike. For buyers seeking land value and flexibility in an established Melbourne suburb, this house is considered competitively rare and best suited to those with renovation, redevelopment, or long-term holding intentions. The property’s older interior and unstated build year may limit its appeal to turnkey buyers and could require a significant budget for modernisation. Its redevelopment potential—while signalled by the large block and dual access—should be weighed against current zoning and planning overlays, which are not confirmed here. The estimated rental yield of around 3.2% is modest but supported by the area’s transport and employment links. These factors might affect resale value depending on the buyer’s intended use, so a thorough due diligence on building condition and council controls is recommended before forming a price view.