2/47 Union Street, Brighton East VIC 3187

2-bedroom townhouse in small complex | walk to Bay Street and station | auction 23 May | price guide under local median This property offers a rare entry point into Brighton East’s tightly held unit market under the local median for two-bedroom units, which sits near $868,000. Its position in a small complex of three townhouses provides a configuration edge over larger blocks, with the single garage and low-maintenance 84-square-metre floor plan suiting first-home buyers, downsizers, or investors seeking a core rental yield near $615 per week. The lack of heritage or flood overlays and zoning for Gardenvale Primary School and Brighton Secondary College add practical family appeal without premium pricing. The main risk is limited comparable sales evidence within the building, with only one recent transaction at $955,000 for a three-bedroom unit in August 2024, suggesting this two-bedroom’s price guide sits at a discount reflecting its smaller size. The 2015 last sale price is too distant to inform current value, and the 79% owner-occupier profile in the area supports stable demand but may limit future capital growth relative to higher-density zones. A buyer should target the lower end of the guide to capture upside from the location’s walkability and school catchment, holding for medium-term owner-occupation or steady rental income rather than short-term flipping.