315/1050 Mt Alexander Road, Essendon VIC 3040

Standard floorplan, mid-tier position | No premium views | Strong yield for investors | Established complex with good amenity The buying case for this unit rests on its relative affordability within a well-located complex, offering a functional two-bedroom layout with secure parking and storage. For an investor seeking a sub-$550k entry into Essendon, the projected 5.8% gross yield is competitive, and the building’s proximity to tram, dining, and parkland supports consistent tenant demand. The unit serves best as a low-maintenance rental holding, not as a lifestyle purchase, given its standard internal configuration and lack of elevated or north-facing outlook. The primary risk is limited capital growth compared to premium units in the same complex, as the absence of city or park views and a smaller balcony reduce resale appeal to owner-occupiers. The buyer accepts a longer hold period for appreciation, but the lower entry price partially offsets this. Opportunity lies in the strong local rental market and above-average clearance rates in Essendon; holding for steady income rather than short-term flipping is the logical strategy. Use this property as a yield-focused addition to a portfolio, not a primary residence.