11/177-179 Koornang Road, Carnegie VIC 3163

Updated first-level Art Deco | rear-block quiet near Koornang Road | 2-bed 1-bath 1-car | boutique low-rise with owner-occupier tenure | solid rental yield signal from within the building. This apartment sits in a rear position within a boutique Art Deco block, which gives it a genuine separation from Koornang Road’s activity while keeping that retail strip within easy reach. The first-level placement in a low-rise building with an average owner-occupier tenure of over six years signals a stable, character-driven pocket that appeals to buyers wanting something more substantial than a standard walk-up. The 2-bed, 1-car configuration is well-suited to owner-occupiers—singles, couples, or downsizers—who value period character and a quieter setting without sacrificing proximity to shops and transport. The updated condition, while not detailed, suggests the unit has been maintained to a standard that avoids immediate renovation pressure. The sale of another two-bedroom unit in the same building for $850,000 in mid-2025, and a separate unit achieving a gross rental yield of around 4.4 per cent, both offer meaningful reference points for value. The advertised price guide sits well below those figures, which may reflect differences in floor level, size, or internal condition that a buyer should verify. The rear positioning and first-floor access without a lift are practical considerations that could narrow appeal for some households. A buyer should weigh the unit’s actual internal dimensions and finish quality against the price guide, as the gap to recent same-building sales suggests either a genuine opportunity or a reflection of material differences not yet visible from the listing alone.