102/2 Olive York Way, Brunswick West VIC 3055

North-facing wrap terrace | study converts to second bedroom | strong rental yield | first-floor walk-up in established suburb This property’s competitive edge is its uncommon north-facing wrap-around terrace, which effectively extends the living space outdoors and captures all-day light,rare for a first-floor apartment in this price band. The study is large enough to function as a second bedroom, giving the unit genuine flexibility for a young couple or investor targeting the higher end of the rental range. Positioned within a low-density block on common land, the property avoids the overcrowding typical of newer complexes, and its proximity to Brunswick North West Primary School, trams, and the Moonee Ponds Creek Trail makes it a practical choice for first-time buyers or professionals seeking a walkable commute. The primary risk is the 2018 purchase price of $375,000, which suggests limited capital growth over seven years, and the current valuation range implies further softness. The buyer should factor in that the apartment is on the first floor with no lift, which may narrow the resale pool. However, the rental yield of 5.8–6.44% is strong for the area, and the basement car space and storage cage add tangible utility. Hold this property as a long-term income-producing unit; the terrace and study give it an edge over comparable one-bedroom flats, and the location near infrastructure supports steady demand.