16/495 Raymond Street, Sale VIC 3850

CBD Sale unit | 100m² compact footprint | single car space | walk-to-everything location | recent same-complex sale at $276k This unit’s primary competitive strength is its position within Sale’s CBD, offering a walkable urban lifestyle that the rental market explicitly describes as close enough to sell a car. For a buyer, the 100m² lot and single parking spot represent a low-maintenance, efficiently designed footprint suited to first-home buyers seeking affordability or investors targeting rental demand in a regional centre. The same-complex sale of a two-bedroom unit for $276,000 in late 2024 provides a credible price anchor, suggesting the one-bedroom unit should trade below that level, making it a potentially undervalued entry point relative to the Domain estimate of $600,000. The principal risk is the wide valuation gap between $293,000 and $600,000, which signals either stale data or market volatility that could complicate financing or resale expectations. No sale history for this specific unit exists in available records, and the property is not actively listed for sale on some platforms, so a buyer must verify current marketing status and obtain a full title search for strata fees and council rates. The opportunity lies in acquiring a compact CBD unit at a discount to the two-bedroom comparable, with rental demand supported by location. Hold this property as a low-cost entry into Sale’s market, using it for rental income or as a downsizer base, and monitor for any upcoming listings to negotiate from the $276,000 benchmark.