88A Lyons Street, Carnegie VIC 3163

Ground-floor master | 4-bed townhouse | 610sqm land | flood overlay present This property offers a rare configuration in Carnegie: a four-bedroom townhouse with a ground-floor master suite on a full 610sqm parcel, giving it the footprint of a detached house without the maintenance. The floorplan suits families needing separation between generations or a quiet home office, while the kitchen with butler pantry and multiple living zones lifts it above typical townhouse spec. It is best positioned for buyers who prioritise school zones, transport, and immediate amenity over absolute land value, and who accept a modern build for convenience. The flood overlay is the primary structural risk and should be costed for insurance and any future extension. The property sits in a proven rental corridor near Carnegie station and retail, making it defensible if held as an investment, though the purchase price near suburb median for houses suggests limited short-term capital gain. Hold for family use or stable yield rather than speculative upside.