78 Hanna Street, Noble Park VIC 3174

Modern townhouse | three-bedroom, three-bathroom rarity | high rental yield potential | small 92m² lot | no overlays. This property presents a competitively strong proposition as a high-specification, low-maintenance townhouse in a supply-constrained configuration. The three-bedroom, three-bathroom layout is uncommon for the price point and generates a compelling rental yield, positioning it efficiently for an investor seeking premium weekly returns or an owner-occupier requiring minimal upkeep. Its modern construction post-2019, absence of bushfire or flood overlays, and move-in ready condition translate to reduced holding costs and immediate utility. This property serves the yield-focused investor or the downsizer seeking modern convenience within a reliable utilities and school catchment framework, without the burden of a large block. The decision hinges on accepting lot size as the primary risk mechanism, which imposes a permanent ceiling on capital growth relative to standard housing stock and concentrates value solely in the built form. The commercial opportunity lies in leveraging its rental scarcity; achieving the upper band of rental estimates solidifies its income profile against interest rate volatility. Proceed with a hold strategy targeting rental income, as the property’s functional design supports sustained tenant demand, but exit anticipating competition primarily from similar units rather than broader house buyers, given its atypical land share. Recent comparable sales in Noble Park provide context: – 59 Harrison Drive (townhouse, 3b/3b/2c): Private sale $680k-$730k, 7 days on market. – 5 Edward St (house, 3b/1b/1c on 535m²): $750k-$825k. – 2 Volta St (house, 3b/2b/2c on 189m²): $850k-$900k. – 28 Shepreth Ave (house, 3b/2b/2c on 658m²): $730k-$803k. The subject property’s price band aligns with smaller-format housing and townhouses, confirming its valuation is driven by its building quality and rental configuration rather than land value. This reinforces its niche within the market.