5 Koukoura Drive, Epping VIC 3076

Modest land size | Dual living claim untested | Below-area yield | School catchment fixed The property presents as two dwellings on one title, but the 300m² land parcel constrains any future subdivision or extension, effectively capping capital growth unless a planning overlay emerges. The rental yield of 4.15% sits below the Epping median, meaning a buyer pays a premium for the dual living concept without necessarily achieving superior income. A sound hold for an owner-occupier seeking a granny flat arrangement for extended family, but not a speculative investment. The competitive advantage lies in the dual living configuration itself—a rare structure in this price segment that allows separate tenancies or multi-generational occupation without a second title. The below-average block size is offset by the 174m² internal area, and the energy efficiency score of 4.8 offers genuine holding-cost savings. This house best suits a buyer who values functional flexibility over land banking, and where that trade-off is understood, it holds clear utility. To validate whether the dual living layout delivers market-rate rental returns comparable to two separate properties, a rental appraisal specific to each dwelling should be obtained and benchmarked against the current $495 estimate.