201/11 Collared Close, Bundoora VIC 3083

Top-floor penthouse | 3-bedroom, 1-bathroom | parkland balcony | university-adjacent low-turnover complex This unit occupies a rare top-floor position in a seven-unit complex with notably long owner-occupier tenure, which signals a well-managed building and stable neighbours. The open-plan layout flowing onto a spacious balcony with parkland views is a genuine differentiator in this price band, and the modern kitchen with Caesarstone benchtops adds a finish level that typically commands a premium. It serves best a buyer seeking low-maintenance living with strong rental fundamentals, given its proximity to two universities and secure parking for two cars. The flood overlay is the primary risk, and it should be inspected carefully before proceeding, as it may affect insurance costs and future resale appeal. The absence of recent sales in the building means price discovery is thin, so the listing range offers negotiating room if comparable units in similar complexes trade below it. Gross rental yield near 5% is solid for the area, and the long average tenure suggests this property can be held comfortably as a long-term investment or primary residence in a stable pocket of Bundoora.