18/202 The Avenue, Parkville VIC 3052

Top-floor unit with park views | North-west aspect, freshly refurbished | 2-bedroom apartment in a 52-property complex | Heritage overlay present | Median rental yield above suburb average The buying case rests on this unit being one of the few top-floor positions in a large complex, offering privacy and natural light from its north-west orientation, which is rare for a flat. The fresh refurbishment reduces immediate capital outlay and makes it move-in ready, appealing to owner-occupiers seeking a low-maintenance home in a park-side setting. The rental estimate of $565 per week sits above the local median for two-bedroom units, which suggests strong tenant demand and supports a buyer looking for solid rental coverage. The location within Princes Hill school catchment and proximity to the university belt gives it a durable demand base, particularly for professionals or downsizers who value walkability and green space. The heritage overlay is the primary risk, as it may restrict future alterations or add compliance costs, and the large block size of 2462m² means strata levies could be higher than average. With an estimated value range of $540,000 to $574,000 and the price guide starting at $600,000, there is a premium embedded in the listing that a buyer must negotiate down. The lack of recent sales data for this unit makes comparable analysis less precise, so independent building and strata inspection is essential. For a buyer, this property works best as a long-term hold with steady rental income, not a flip.