47/100 Keilor Road, Essendon North VIC 3041

Freshly updated 2-bedroom unit | Competitive price point for entry | Strong rental yield potential | Established owner-occupied building This unit offers a rare combination of recent cosmetic upgrades and a price point that undercuts the suburb median by roughly 10%, making it an unusually strong entry-level buy. The dual bathroom layout, with the main bedroom having its own ensuite, is a configuration edge over most two-bedroom units in this building, and the open-plan living that extends to a full-width balcony adds genuine livability. For a first-home buyer or an investor seeking a low-maintenance holding, the freshly painted interiors, new floorboards, and new carpet remove immediate capital outlay, while the secure car space and storage cage are practical advantages that many comparable units lack. The building’s high owner-occupier ratio of 75% signals stable management and lower turnover risk. The primary risk is the building’s flat capital growth history, with recent comparable sales showing no appreciation over one year and negative annual growth over longer holds. This means the buyer is trading upside for yield and immediate condition. However, the rental yield of approximately 6.5 to 6.8 percent, based on recent lettings, is well above the suburb average of 5.7 percent, and the property’s fresh condition should command top-of-market rent. The location on Keilor Road provides walkability to the primary school and local amenities, though the buyer should verify the specific school catchment. This property is best held as a long-term rental investment or a cost-effective owner-occupied entry point, not a short-term flip.