509/272 Barkly Street, Brunswick VIC 3056

2-bed, 2-bath premium apartment | Princes Hill school zone | strong building sales history | no overlay constraints This apartment sits in a building where comparable two-bedroom units have cleared in the mid-to-high $800,000s, giving the asking range a defensible floor. The school zoning for Princes Hill Primary and Secondary College is a genuine differentiator in Brunswick’s apartment market, where most units fall outside sought-after catchments. The absence of bushfire, flood, or heritage overlays removes latent cost or approval risk that can surface in older inner-north stock. For an owner-occupier wanting low-maintenance living with strong resale depth, this configuration—two bathrooms, balcony, secure entry—holds its position better than most entry-level apartments in the suburb. The main risk is valuation divergence. One estimate sits near $970,000, another around $797,000, and the building’s own sales data suggests the market is pricing premium units closer to the lower end of that spread. Overpaying into the $840,000 ask would compress future equity growth, especially if lending criteria tighten on apartment valuations. The opportunity is the rental floor: $725 per week at a $797,000 purchase gives a gross yield near 4.7%, which is strong for inner Melbourne. Hold this property as a core residential holding, not a flip—the school zone and building quality will protect value over a five-to-seven year cycle.