228/347 Camberwell Road, Camberwell VIC 3124

2-bedroom unit | Camberwell location | secure parking | strong owner-occupier building This unit offers a competitive entry point into Camberwell’s established market, where two-bedroom units command a median of $788,000. The 86-square-metre floorplan with two bathrooms and secure parking is rare in this price bracket, and the building’s 55% owner-occupier ratio signals stable tenure and well-maintained common areas. It is best suited to professionals or downsizers seeking proximity to Camberwell Primary School and reliable FTTP broadband. The primary risk is the building’s 45% renter concentration, which can affect lending appetite for some buyers. However, the 2014 sale of a comparable unit at $699,000 confirms long-term capital growth in this complex. The absence of bushfire, flood, or heritage overlays removes major insurance or renovation constraints. Buyers should note the 1.09-acre land holding may offer future redevelopment potential, though this is speculative.