8/35 Devoy Street, Ashgrove QLD 4060

Leafy Ashgrove address | strata unit with dual garaging | strong rental yield near 3.5% | bushfire overlay present | auction in two weeks. The unit offers a rare combination of two secure car spaces and a 1215m² shared lot in a walkable, family-oriented suburb, which strengthens its appeal for owner-occupiers seeking lifestyle convenience and investors chasing a reliable 3.5% gross yield. The 55% renter mix in the complex signals steady demand, and the proximity to Oakleigh State School and Kelvin Grove State College adds demographic resilience. This property best suits a buyer who values location and yield over turnkey perfection, and can act decisively before the May 16 auction. The bushfire overlay is the primary risk, likely increasing insurance costs and requiring a professional building inspection to assess any mitigation measures already in place. The 0% recent auction clearance rate in the building is a weak signal, but the small sample size limits its weight. The established complex, last sold in 2010, may need capital works contributions; a strata report is essential. If the buyer secures near the $900k–$973k estimate, the property holds as a solid long-term hold with stable rental income and moderate capital growth tied to Ashgrove’s desirability.