1/60 Buckley Street, Essendon VIC 3040

2-bedroom flat, 840m² shared land | Moonee Valley zone, no overlays | Essendon Primary, Strathmore Secondary catchment | Off-market comparable at $614k This unit is positioned within a low-density multi-unit complex on a substantial 840m² land lot, which provides a structural advantage over typical apartment holdings. The residential zoning and absence of bushfire, flood, or heritage overlays reduce regulatory friction for future buyers. The refurbished interior and school catchment appeal directly to owner-occupier families or investors targeting stable tenant demand in Essendon. The floor area of 69m² is competitive for the segment and supports the midpoint rental estimate of $530 per week. The primary risk is the shared land title, which limits individual capital improvements and exposes the buyer to body corporate decisions. The off-market comparable at $614k suggests the estimated $658k may require negotiation discipline. Opportunities lie in holding for medium-term capital growth driven by school demand and limited new supply in the area. Use this property as a core residential holding with a 5-7 year horizon, prioritising rental yield over short-term flipping.