4/48 Woornack Road, Carnegie VIC 3163

Quiet single-storey unit | private entry | 2-bedroom in small block | near shops and parks | well-maintained with built-in robes This property offers a rare configuration in Carnegie: a ground-floor, single-storey unit with private entry in a small block of six, which is competitively scarce compared to larger complexes. The built-in robes and well-maintained condition reduce immediate outlay, and the location near Koornang Road shops and bus routes supports strong rental demand from professionals and downsizers. The 2022 sale at $875,000 sets a recent benchmark, and the property’s appeal to lifestyle buyers in a quiet area positions it as a stable holding for owner-occupiers or investors seeking low-maintenance exposure to the suburb’s 37% concentration of 20-39 year olds. The primary risk is the strata arrangement on a shared 1115m² lot, which may limit capital growth compared to standalone houses and could involve future special levies for common area upkeep. The 2009 purchase at $500,500 shows moderate long-term appreciation, but the current estimate range of $820,000 to $865,000 suggests limited short-term upside. A buyer should negotiate based on the 2022 sale price and factor in potential holding costs from strata fees. Use this property as a steady, low-turnover residence or a buy-and-hold rental in a convenient, cared-for setting.