110/21 Queen Street Blackburn VIC 3130

1-bedroom unit | seconds to Blackburn station | single car space | contemporary floors | sun-filled privacy This unit’s competitive strength lies in its transit adjacency, positioned seconds from Blackburn station, which permanently elevates its rental appeal and resale liquidity for commuters or investors. The spacious, sun-filled one-bedroom layout with contemporary finishes serves a specific buyer seeking low-maintenance living with direct transport access, minimizing vacancy risk. It is fundamentally a transport-oriented purchase. The primary risk is the limited appreciation ceiling inherent to single-bedroom units, compounded by absent data on building health, strata costs, and neighbourhood dynamics, which could impose unforeseen holding costs. The opportunity is securing a high-amenity base at a potential discount to its recent sale price, suggesting a value entry. Treat this as a long-term hold for yield, not short-term capital gain. A PropCred report would pressure-test the recent sale valuation, detail strata health and locality risks like future development, ensuring your offer reflects true operational costs. Recent sales data shows the unit sold for $410,000 in September 2024, against a current estimated value of approximately $405,000 and a separate advertised asking price of $380,000. This variance indicates a softening local segment or motivated seller, presenting a potential negotiation window below last transacted price.