7/213 Buckley Street, Essendon VIC 3040

Flood overlay risk | short market exposure | balcony count above average | strata unknown but size generous for unit The flood overlay is the primary structural risk; it elevates insurance costs and may constrain future re-sale liquidity, costing a buyer an estimated $800–$1,200 annually in premiums versus similar units without this designation. The 6-day market exposure signals potential urgency from the seller, yet the 92m² floor area and dual balconies are rare at this price point, offering genuine internal amenity and light that smaller units lack. This property suits a buyer who prioritises interior space and outdoor access over absolute land value; hold for stable owner-occupier demand rather than short-term capital gain. Two full bathrooms with an ensuite in a 92m² unit is competitively rare, directly supporting higher rental yield or shared living arrangements. The zoning for Aberfeldie Primary and Buckley Park College adds demographic stability, and the central position near Essendon station reduces transport dependency. This unit best serves a downsizer or professional couple seeking low-maintenance living with genuine two-bedroom separation, not an investor chasing rapid appreciation. Comparable sales in the 213–219 Buckley complex confirm the $556,000–$559,000 estimate, with recent transactions averaging $540,000–$570,000 for similar 2-bedroom units. This places the property at market midpoint, offering no discount but no premium-fair value for its size advantage. Arrange a building inspection to confirm flood overlay mitigation steps and assess strata sinking fund health before submitting terms.