2/12 Emily Street, St Albans VIC 3021

2 bed unit | 82sqm internal | 1 car + garage | St Albans school zones | rental upside to $475 This unit presents a rare configuration edge for St Albans: a two-bedroom floorplan with a walk-in robe and a separate garage alongside the car space, which is uncommon in this price bracket. The 82-square-metre internal area is generous for a unit, and the location within both the primary and secondary school zones adds structural demand from families and investors targeting the rental market. With the median area price at $455,000, the estimated value of $471,000 suggests the property is positioned near the top of its local segment, but the rental range of $430–$475 per week gives a buyer room to underwrite a yield around 4.5–5% if acquired at or below the median. This unit suits an investor seeking stable, lower-maintenance exposure to the western suburbs growth corridor, or a first-home buyer wanting a functional home with good schooling access. The bushfire, flood, and heritage overlays are the primary risks,they may constrain future renovation or extension options and could affect insurance costs. The NBN Hybrid Fibre Coaxial is not FTTP, which may be a minor consideration for some buyers but is unlikely to be a prime value driver. The property is currently tenanted or available for rent, meaning a buyer should verify lease terms and condition before settlement to avoid vacancy or below-market income. To hold this property effectively, treat it as a buy-and-hold income play within a high-demand rental corridor, and avoid overpaying beyond the median price given the overlay constraints.