1/89 Albert Avenue, Boronia VIC 3155

Long-term owner-occupied building | Rare 182sqm lot for a townhouse | Knox council | Boronia K-12 catchment This townhouse sits in a three-unit block with an exceptionally stable ownership profile, where half the residents have held for over a decade. The 182-square-metre lot is generous for a two-bedroom unit, offering private outdoor space and a layout that suits downsizers or first-home buyers seeking low-maintenance living without compromising on land component. The 2007 purchase price of $70,000 underscores the building’s history of long-term capital growth, and the February 2026 sale of Unit 3 at $620,000 confirms recent market alignment. The property is best suited to buyers who prioritise neighbourhood stability and a manageable footprint over modern finishes. The primary risk is the absence of recent comparable sales within the building itself, meaning the valuation range of $580,000–$638,000 relies on broader Boronia data rather than direct evidence. The unit’s age and potential for deferred maintenance in a small block of three townhouses could require capital outlay within the first five years. However, the Knox council area typically supports steady demand, and the school catchment adds a demographic floor. This property should be held as a long-term residence or rental, not flipped, given the thin margin between low and high estimates.