2004 build | 3 bed 2 bath duplex | high 86% site cover | flood overlay | investor yield 3.56%
This property presents a tightly configured duplex or dual-occupancy house, a built-form increasingly sought in established suburbs for its dual-income potential or extended family use. Its high building coverage maximises the 327sqm lot, delivering a practical floor plan within a low-maintenance envelope. The strong rental yield and school catchment directly serve both investor and owner-occupier profiles, positioning it as a cash-flow positive family purchase. The absence of bushfire or heritage constraints simplifies due diligence, though the identified flood overlay requires immediate investigation.
Proceed only after a detailed flood report quantifies insurance and habitation risk, which could materially impact financing and long-term value. The 17-year sales history gap obscures true market calibration, demanding a premium for recent, direct comparable sales analysis to justify the current price point. This property suits a buyer leveraging its income to offset holding costs, but its configuration and risks preclude premium capital growth expectations. Secure it at a discount reflecting the flood overlay uncertainty.