8 Alfred Street, Sunshine VIC 3020

Corner block in Matthews Hill | 695sqm with flood overlay | study, alfresco, two WCs | walk to Sunshine Station and parkland. This property occupies a rare corner position on a substantial 695sqm lot in a pocket of Sunshine with strong proximity to the future airport rail hub. The floorplan is unusually generous for the price band, with a dedicated study, separate dining, and an alfresco area that supports both family living and tenant appeal. The 32% site coverage leaves meaningful land reserve for future redevelopment or extension, and the location within the Sunshine Primary and Braybrook College zones adds long-term buyer depth. The property is best suited to a buyer who values space and location over cosmetic finish and can hold through the flood overlay due diligence. The flood overlay is the primary risk and must be verified with Brimbank Council before any offer—it may affect insurance premiums, redevelopment potential, and resale liquidity. The 123-day marketing period signals current pricing is above market-clearing level, and the estimated value range of $780k–$990k suggests disciplined negotiation is warranted. For an investor, the $575pw rental estimate yields roughly 3.2%, which is acceptable but not exceptional for the suburb. Hold this property for land appreciation and the infrastructure uplift from Sunshine Station, not for immediate rental return.