73 Balaclava Avenue, Altona Meadows VIC 3028

3-bed townhouse | single-level downsizer layout | renovated bathroom & split system | 271m² land with dual parking | leased 2024 signals yield This property presents a competitively strong offering as a single-level townhouse on a full 271-square-metre block, a configuration increasingly rare in new estates and well-suited to downsizers or entry-level buyers seeking low-maintenance living. Its recent renovation, mirrored built-in robes, and separate bath-shower combination position it above basic stock, while being leased in 2024 demonstrates immediate rental demand. The dual car spaces, including a remote garage, add practical utility often absent in comparable units. Proceed with the understanding that the absence of detailed building age, specific finishes, and pest report contents constitutes a material risk, requiring allocated budget for due diligence. The established rental yield near 4.2% provides a solid income foundation, making this a hold proposition for a long-term investor or an owner-occupier seeking stability. A professional property report would specifically validate the agent’s comparable sales, clarify any locality risks from council overlays, and provide an independent valuation to anchor your negotiation. The agent’s statement references three sales within 2km, which typically indicates their selected benchmarks for pricing. Without the detailed PDF, buyers must independently verify these comparables’ land size, condition, and exact proximity to assess if the $620,000-$670,000 asking range is justified. This verification is critical, as agent-selected comparables may not fully reflect market nuances or competing properties.