306/162 Whitehorse Road, Blackburn VIC 3130

2-bed, 2-bath apartment | high-floor potential | large complex site | Whitehorse Road corridor This unit presents a competitively scaled apartment for a buyer seeking space efficiency in a well-established corridor, with its dual-bathroom configuration offering a practical edge over common one-bathroom units in the area. The property is positioned within a substantial complex, which suggests a degree of amenity and low-maintenance living, best serving an owner-occupier seeking convenience or an investor targeting small households or sharers who value separate facilities. The reference to a high floor number indicates the potential for better aspect and privacy, strengthening its appeal within the building’s stock. The primary risk is the inherent lack of land entitlement typical of apartment ownership, with the sizable site area of the complex offering no individual utility, which permanently caps capital growth relative to titled properties. Due diligence must rigorously examine the building’s financial health, strata costs, and any planned capital works, as these represent recurring and potential lump-sum costs that erode yield. The opportunity lies in acquiring a functional unit in a high-density node where rental demand is consistent; proceed only if the price reflects a material discount to comparable freestanding houses, and hold it as a long-term income-generating property rather than a primary wealth-building vehicle. While specific comparable sales figures were not detailed in the provided data, the Statement of Information references three sales within a two-kilometer radius over the past six months. A professional review of those precise comparables is essential to anchor your offer; the search price band of $670k-$737k for a stylished unit suggests a premium over the nearby one-bedroom apartment but must be validated against recent two-bedroom settlements to assess true market value.