9 Lois Street, St Albans VIC 3021

3 bed house on 585m² | no overlays | St Albans north side | rental yield potential The property at 9 Lois Street offers a rare combination of a full 585m² freehold block in a flood- and bushfire-free zone with no heritage restrictions, which is increasingly uncommon in Melbourne’s middle-ring suburbs. The 1960s build provides a solid footprint at 205m² with a 6m roof height, giving genuine scope for future renovation or extension without overlay constraints. For a buyer seeking land value with immediate livability, this positions the house as a strong entry point into St Albans’ north side, where school zoning to St Albans North Primary and Secondary College adds family appeal. The 5G coverage and NBN Hybrid Fibre Coaxial are functional additions but not the primary draw. The main risk here is the property’s recent sale history,sold for $890k in November 2023, now listed at $600k–$660k, which signals a sharp market correction or condition issues not visible from data alone. That gap demands a thorough building and pest inspection before commitment. However, for a buyer able to hold, the 585m² block in a street with 50% long-term owners suggests stable neighbourhood tenure, and the rental potential of $515 per week offers a 4% gross yield on the lower end of the range. The opportunity is to acquire a clean-title house on a developable block at a discount to recent sales, then renovate or hold for land appreciation. Use this as a long-term land bank with immediate rental income.