4-Bed Home + Second Dwelling Potential (STCA) — Rare Investment Opportunity on 534sqm

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14 Yard Street, Mambourin VIC 3024

$705,000 To $765,000

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$705k - $740k Transparent Transparent Listing Based on an openly advertised listing price.

House 4 Beds 2 Baths 2 Cars 534 m²

Listed: 31st Jul 2026

Updated: 5 days ago

Overview

Located on one of the largest 534sqm blocks within the Mambourin estate, this contemporary 4-bedroom, 2-bathroom house presents a significant opportunity for buyers seeking flexibility and future growth potential. With approximately 34% site coverage, the property features a spacious backyard enclosed with rear fencing, creating a private and versatile outdoor space ready for additional development.

What truly sets this property apart is its potential to accommodate a second dwelling, granny flat, or container home (subject to council approval), offering attractive options for multi-generational living or dual-income investment strategies. This feature will appeal particularly to families desiring independent living quarters for relatives, astute investors looking to maximize rental returns, or buyers wishing to secure a sizeable block of land with the flexibility to build later.

The existing home is modern and only 5 years old, protected by a building warranty, thus providing peace of mind on construction quality. Its south-facing aspect ensures pleasant natural light and the entire property benefits from all essential services already connected. The interior is complemented by practical inclusions such as built-in wardrobes, floorboards, a dishwasher, broadband internet readiness, and split system air conditioning in the living area to enhance comfort.

The property is well placed for convenience, with easy walking access to the Mambourin Marketplace, containing major retail and health services including Coles, cafés, a pharmacy, and a bulk-billed medical centre. Education facilities like Good News Lutheran College, Aspire Early Learning, and Laa Yulta Primary are nearby, making it suitable for families with children. Residents also enjoy exclusive access to the Mambourin Residents' Club, which offers amenities like a pool, gymnasium, sports courts, and function spaces.

Commuting is facilitated by proximity to Wyndham Vale train station, allowing a reasonable 40 minute journey to Melbourne’s CBD. Annual outgoings are competitive, with owners corporation, water, and council rates totaling approximately $3,972, supporting affordability alongside the long-term value of the location and land size.

Local Market Insights

In Mambourin, Quiet Listings observed 65 new houses entering the market over the last 30 days, up from 63 during the previous 30-day period, with an average advertised asking price of $656,748. The property type mix of listed properties is predominantly Houses at 87%, followed by land (8%), and townhouses (5%). The most active agency for houses in the Mambourin area is currently Ancora Property Group, representing 35% of new listings, followed by Ray White with 15%. These insights are based on agencies currently monitored by Quiet Listings and are updated as the local market changes.

While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.