11/293 Kooyong Road, Elsternwick VIC 3185

north-facing two-bedder | renovated kitchen | secure parking | strong rental yield | long-term owner block This unit offers a rare combination of immediate livability and proven rental performance, driven by its north-facing orientation and renovated kitchen,features that consistently command a premium in this market. The 1960s solid brick complex with 100% long-term ownership signals a stable, well-maintained building with limited turnover risk. For an owner-occupier, the walkable Elsternwick location and access to Caulfield Primary and Glen Eira College make it a practical family foothold. For an investor, the building’s rental yields of 5.68%–6.29% on comparable units are strong for the area, and the $550–$660 per week rent range provides reliable income cover. The primary risk is the building’s mixed capital growth history: Unit 9 lost value over seven years, while Unit 10 gained strongly over 49 years, indicating that holding period and unit-specific condition matter. The shared 1407m² lot and strata structure limit individual control over building improvements. No overlays reduce headline risk, but the 1960s construction may require periodic common-area levies. The opportunity lies in buying below the estimated $554,000–$570,000 value range,the current listing at $500,000–$550,000 offers a potential entry discount. Hold for steady rental income and moderate long-term growth, or use as a low-maintenance base in a sought-after suburb.