Well I am just telling you what I would value it at. If the market was paying $1.4M and I could buy them for $500k each, then I would grab the street also. Looking at comparable rentals it would seem $750pw might be around the mark: http://www.realestateview.com.au/re...roperty-Details-rent-residential-8976398.html So maybe it's worth $780k at a 5% yield, but personally I would still not buy at that price, maybe I'd consider it for a 6% yield which is $650k & even then only if I'd thoroughly researched the area and thought rents would be sustainable at the current level in a downturn. As it is I don't know the area from a bar of soap, don't particularly like Melbourne as a city and am not likely to invest there in the near future. What do you say it's worth and why (ignoring current market value as a meaningful measure)?