16/31 Barnsbury Road, Deepdene VIC 3103

2-bed flat | Deepdene pocket | 30-unit block | steady 3-4% annual growth | no overlays This unit offers a rare combination of modest entry price and proven capital stability within a tightly held Boroondara complex. The 1.2-acre site and absence of bushfire, flood, or heritage overlays reduce insurance and holding uncertainty. With two bedrooms and a garage, it suits first-home buyers or investors seeking a low-maintenance position in a strong school zone. The building’s 47% long-term ownership signals a well-run block with limited turnover risk. The main risk is the unit’s position within a 30-unit complex, which may limit capital growth compared to smaller blocks. No strata details or inspection history are available for this specific unit, so buyers should verify common fund health and any upcoming levies. Given comparable sales showing 3-4% annual growth and a rental yield near 4.3%, this property works best as a long-term hold for steady appreciation rather than a quick flip. Buy it for the location and hold for the school zone demand.