2/120 Charman Road, Mentone VIC 3194

Beachside walkability | Quiet street frontage | Single-level unit | One-bedroom apartment | Shared large block This unit presents a competitively priced entry into a tightly held beachside location, distinguished by its direct street frontage on a quiet street within a larger complex. The configuration offers rare ground-level convenience and immediate proximity to both the beach and local shops, serving a buyer seeking a low-maintenance lifestyle or a strategic rental investment close to high-demand amenities. Its prior sale price and current estimates suggest it has been a stable holding in a building with limited recent turnover. The primary risk is the illiquidity common to one-bedroom units and the lack of recent building sales, which obscures current strata health and market momentum. The opportunity lies in securing a below-estimate price in a location that typically sustains demand, making it a hold for capital stability over aggressive growth. Consider this a defensive purchase for long-term occupancy or a yield-focused rental, not a short-term trading vehicle. Recent comparable sales within the same building provide a direct value benchmark: – 2/120 (this unit): Sold for $347,000 in November 2018. – 7/120: Sold for $395,000 (date unspecified). – 8/120: Estimated value $371,550. This data indicates the subject property’s current listed price range is positioned realistically against recent building history, suggesting vendor expectations are anchored to achievable market levels rather than speculative growth.