20/36-52 Queens Parade, Ashwood VIC 3147

Two-bedroom rear unit backing Gardiners Creek | 179sqm lot with private garden | 80% owner-occupied complex | last sold 1998, first time offered in decades. This unit’s competitive edge lies in its rear positioning within a stable, mostly owner-occupied complex, offering rare privacy and green outlooks over Gardiners Creek—uncommon for a two-bedroom unit at this price tier. The 179sqm lot and generous 102sqm floorplan provide genuine space, with a separate dining area, built-in robes, and a back garden suited to low-maintenance living. It suits first-home buyers seeking a quiet foothold or downsizers wanting single-level convenience near Chadstone and train stations. The long ownership history suggests minimal turnover risk and a well-maintained building fabric. The key risk is the 1998 purchase price, which may indicate deferred updates; the kitchen and bathroom appear functional but not recent, and buyers should budget for cosmetic refreshes. The $670k–$720k list sits below the local median for two-bedroom units, offering a value gap if condition holds. Rental potential at $570/week supports a modest 4% gross yield. Hold this property as a long-term residential base or a low-effort rental in a tight supply corridor.