307/3 Elliott Avenue Carnegie VIC 3163

2-bedroom flat with dual bathrooms | single car space and garage | flat configuration on large 2,196m² land | strong rental yield potential The property’s primary competitive edge lies in its flat configuration on a substantial 2,196m² land holding within a sought-after Carnegie location. For a buyer, this means the unit is not burdened by common stairwells or multi-level compromises, appealing directly to downsizers or investors seeking low-maintenance living with robust rental demand. The dual bathrooms and secure car space plus garage further strengthen its position against newer apartment stock, where such provisions are increasingly rare. This property serves best as a core holding for an investor targeting consistent cash flow, or as a practical home for a professional couple or retiree valuing single-level convenience and proximity to Glen Eira’s amenity corridor. The key risk is the flat’s likely strata context on a large parcel, which may limit individual capital growth relative to freestanding houses, and the buyer should verify body corporate fees and any future development potential of the land. The opportunity is clear: the estimated rental return of $725 per week on a purchase below $650,000 delivers a gross yield near 5.8%, well above Melbourne apartment averages. The absence of bushfire, flood, or heritage overlays removes common insurance and renovation hurdles. Hold this property as a long-term income-producing unit, and monitor the land’s redevelopment prospects as a passive upside lever.