8 Mirima Street, Tarneit VIC 3029

4-bed mid-2010s build | strong rental yield profile | no overlays | primary school proximity | stable long-term street tenure. This property presents a competitively strong entry into a settled segment of the Tarneit market. Its configuration of four bedrooms and two bathrooms on a 375m² block aligns precisely with the most common and liquid stock in the area, ensuring consistent demand from both owner-occupiers and investors. The absence of planning overlays removes a layer of regulatory risk and simplifies due diligence. Built in 2012, the house avoids the potential defects of earlier builds while being established enough to demonstrate capital growth. It serves first-home buyers seeking a turnkey family home and investors attracted by the proven rental yields, further supported by its proximity to a large primary school. The decision hinges on its price positioning within a recently active market. The indicative range sits below the premium paid for larger lots but must contend with direct comparables. The principal risk is overpaying relative to recent sales of near-identical properties; securing a price toward the lower end of the range is critical to preserving equity. The opportunity lies in acquiring a property with a demonstrated 4.79% yield and stable street tenure, where 40% of owners have held for over a decade, suggesting a low-turnover, community-oriented environment. This property is a hold for medium-term capital growth coupled with reliable rental income, making it a pragmatic rather than speculative purchase. Recent sales on Mirima Street provide a clear benchmark: – 6 Mirima St (4/2/2, 376m²): Sold for $665,000. – 16 Mirima St (4/2/2, 375m²): Sold for $710,000. – 4 Mirima St (5/2/2, 448m²): Sold for $725,000. – 17 Mirima St (3/2/2, 300m²): Sold for $610,000. This data anchors the subject property’s value. Given its near-identical specifications to 6 and 16 Mirima Street, a sale price above $710,000 would be difficult to justify, while achieving a result close to $665,000 would represent strong buying. The higher sale for the five-bedroom property on a larger block correctly establishes a price ceiling.