51 Ulmara Parkway, Maidstone VIC 3012

3-bedroom townhouse in tight Maidstone pocket | dual ensuite plus study on 80m² | strong rental yield potential | positioned for first-home buyers and investors This property presents a rare configuration advantage for its lot size , three genuine bedrooms with two ensuites and a separate study on just 80 square metres. The vertical layout stacks living space efficiently, giving a buyer the functional equivalent of a larger townhouse without the land cost penalty. For an investor or owner-occupier seeking yield over capital growth, the dual ensuite arrangement and built-in robes across all bedrooms align directly with tenant and buyer preferences in this corridor. The zoning to Footscray North Primary and Maribyrnong Secondary College adds a demographic floor to demand, while the 5G coverage and air conditioning are now baseline expectations rather than differentiators. This property suits a buyer who prioritises rental return and low-maintenance living over land banking. The bushfire, flood, and heritage overlays are the primary structural risks here , they constrain future redevelopment potential and may affect insurance premiums. The 80m² lot limits any scope for extension or subdivision, meaning the property’s value is tied entirely to its current configuration and rental income. The 2013 purchase price of $290,903 indicates significant paper growth, but without recent comparable sales, the valuation range of $540,000 to $720,000 reflects genuine uncertainty in pricing. The rental estimate of $660 per week against a $650 asking rent suggests the market is already pricing in a slight premium for the layout. For a buyer, the commercial logic is straightforward: acquire at or below the midpoint of the valuation range, hold for rental income, and exit when the suburb’s density rezoning cycle matures , not a flip, but a steady hold with a clear income floor.