8 Bonham Cres, Oakleigh East VIC 3166

Large 764sqm block | no overlays | family zoning | good school catchment | low planning risk This property’s primary competitive advantage is its 764sqm landholding on a quiet residential street, with no bushfire, flood, or heritage overlays detected. That combination is increasingly rare in Oakleigh East and gives a buyer genuine optionality — hold as a family home with room to extend, or pursue a future subdivision subject to council approval. The 1997 build is structurally sound, and the 3/1/1 configuration with carport and courtyard suits owner-occupiers seeking a low-maintenance entry into the area’s strong school catchment. For an investor, the rental estimate of $620–$650 per week is realistic, though the $720 asking rent may reflect recent styling upgrades. The main risk is that the building footprint at 167sqm is modest for a family of four, and the single bathroom limits appeal to some buyers. Renovation or extension costs would need to be weighed carefully against the likely resale ceiling in this street. However, the clean planning profile and 22% building coverage leave meaningful room for a rear addition or granny flat, which could lift both rental yield and capital growth. The property is best held medium-term as a landbank with income, or improved incrementally before a future sale.