72 Stephenson Street, South Kingsville VIC 3015

4-bed townhouse, 130sqm internal | 3 bathrooms, 3 car spaces | Auction clearance 47% on street | Owner-occupied street, 75% stable This property occupies a narrow but functional niche in South Kingsville’s market. Its 130sqm floorplate is compact for a four-bedroom configuration, but three bathrooms and three car spaces are genuinely rare at this price point, giving it an edge over competing townhouses that typically sacrifice either parking or a second bathroom. The street’s 75% owner-occupancy signals low turnover and stable neighbours, which matters for long-term holding. It best suits a downsizer or investor seeking low-maintenance yield over family space, as the layout prioritises amenity count over room size. The primary risk is the 47% auction clearance rate on Stephenson Street, which suggests buyer resistance at current vendor expectations. This property’s 2018 sale at $860,000 with fewer bathrooms implies the vendor has absorbed holding costs, but the jump to a $1.3–1.4 million ask may outpace what the local market will absorb. The opportunity lies in the three-car garage, which can be converted to a home office or gym without altering the house’s core appeal. Hold this property for rental cash flow or as a low-maintenance base, and avoid overpaying at auction by benchmarking against the street’s median of $1.53 million for larger houses.