104/363 High Street, Ashburton VIC 3147

Large 3-bed apartment in boutique new complex | Oversized for owner occupiers | Walking distance to village hub | No overlays or perils | Listed 343 days unsold This property presents a competitively strong offering as a large, three-bedroom apartment within a newly completed, small-scale development. Its 157-square-metre internal area is rare for apartment stock in the area, directly appealing to owner-occupiers seeking house-like space without maintenance. The unit’s position, nestled beside the Ashburton Village hub with walking proximity to a well-regarded primary school and parklands, underpins its lifestyle utility. It serves a buyer prioritizing modern finishes, low immediate risk from overlays, and a low-density complex environment over an investment-grade yield. The primary decision mechanism is its extended market time—over 340 days unsold—against its premium price positioning within the development. This signals a pricing disconnect requiring negotiation to align with market acceptance. The estimated rental yield is modest, framing the unit as a capital growth play reliant on the boutique complex establishing a premium reputation. Acquire only at a corrected price that reflects its market resistance, then hold for long-term occupancy to justify the outlay. Recent comparable listings in the immediate vicinity indicate this property is positioned at a premium. Listings within the same Chapter Ashburton development show two-bedroom, two-bathroom units starting from approximately $1,055,000. This three-bedroom unit’s asking range of $1,405,000-$1,499,000 demands a significant premium for the additional bedroom and space, which the market has yet to validate through a sale.