1/138 Grange Road, Carnegie VIC 3163

Ground-floor unit in solid-brick block | 72m² with practical layout | Convenient walkable Carnegie location | Suits first-home buyers and downsizers This property offers a rare combination of solid construction from 1960 and ground-floor access in a sought-after suburb, which reduces maintenance risk and improves liveability compared to similar units. The 72m² floor plan delivers genuine two-bedroom space with built-in robes and separate WC, making it functionally competitive against newer but smaller apartments. It is best suited for owner-occupiers seeking low-maintenance living or investors targeting stable rental demand from proximity to shops, cafés, and public transport. The main risk is the older build may require updating to kitchen and bathroom within the medium term, which a buyer should factor into holding costs. The lack of parking beyond one allocated space could limit appeal to car-dependent households, but ground-floor access and integrated laundry mitigate this. A buyer gains strongest advantage by occupying or holding for rental yield rather than short-term capital growth, as the unit’s value is tied to location and practicality rather than premium finishes.