51 Leicester Mews, Kensington VIC 3031

Secure lease to 2027 | double-storey townhouse | city-fringe Kensington | dual outdoor space This property presents as a competitively rare inner-city townhouse with a guaranteed income stream through to 2027, which anchors its appeal for a buyer seeking immediate yield without vacancy risk. The double-storey contemporary layout and dual outdoor spaces offer a configuration edge over typical apartments in the area, while Kensington’s strong connection to the CBD and village character supports consistent demand from professionals and downsizers. The property best serves an investor prioritising cash flow stability over short-term capital gains, or an owner-occupier willing to wait for vacant possession. The primary risk is the fixed lease term, which limits flexibility for an owner-occupier and may cap near-term value growth if rental yields are already priced in. However, the secure monthly income reduces holding costs and provides a clear exit strategy for an investor seeking a low-management holding. The estimated value around $1.02 million aligns with comparable townhouses, though the single bathroom is a constraint for family buyers. Hold for income until lease expiry, then reassess for owner-occupation or repositioning.