66 Fulham Cres, Thornhill Park VIC 3335

Modern townhouse | secure tenant until 2027 | low-maintenance | high-growth corridor | strong rental yield The buying case rests on a rare combination of secure income and low holding cost. A three-year lease with tenants already seeking extension removes vacancy risk and inspection burden, which is uncommon for a property at this price point. The 4.58% rental yield is strong for a townhouse and provides immediate positive cash flow. The open-plan layout, upstairs rumpus, and private balcony offer genuine separation of space that appeals to both families and professionals, while the low-maintenance yard reduces ongoing costs. This property suits an investor seeking a hands-off entry into Melbourne’s western growth corridor, where infrastructure investment and population inflow support medium-term capital appreciation. The primary risk is location dependency on a single growth corridor and council area, which can lag in softer markets. The 150m² land size limits future subdivision or significant value-add, so gains rely on area-wide appreciation rather than property-specific improvement. The opportunity lies in the tenant’s willingness to extend beyond March 2027, which could allow a rent review to market rates without a leasing cycle. Hold this property for its income stream and sell only when the corridor’s capital growth has clearly peaked or when interest rate shifts make the yield less competitive.