2/2 Albert Avenue, Oakleigh VIC 3166

Ground floor unit | two full bathrooms | near Oakleigh Primary | balcony and study | strata lot This ground-floor unit presents a competitively configured two-bedroom, two-bathroom layout, a combination that offers practical convenience and is less common than single-bathroom units in this market segment. Its position within a well-established block near Oakleigh Primary School anchors its appeal to small families or professional couples seeking low-maintenance living with strong school proximity. The inclusion of a study and balcony extends the functional living space, enhancing livability within a strata context. This property serves buyers targeting a move-in ready home in a settled location, where the dual bathroom provision provides a tangible daily utility advantage and supports long-term resale appeal. The primary financial consideration is the strata title, which introduces ongoing fee obligations and limits control over capital improvements. Recent sales within the same building demonstrate a stable market, but the unit’s value is intrinsically linked to the management and maintenance of the shared complex. The opportunity lies in acquiring a property with a rental yield estimated at 4.9%, suggesting solid investment logic for a buyer-investor, though ground-floor positions can sometimes attract premium or discounted interest depending on aspect and privacy. Given the configuration and comparable evidence, this unit justifies a price toward the upper end of the guide with a mid-$500s valuation; it is a hold for five to seven years to capitalise on area development and rental demand. Recent sales at 2 Albert Avenue provide a direct value benchmark: – G4/2: $582,000 (Jul 2024) 2b/2b/1p – G7/2: $600,000 (May 2023) 2b/2b/1p – 107/2: $602,000 (Nov 2022) 2b/2b/1p – G6/2: $581,000 (Jun 2022) 2b/2b/1p – 105/2: $629,000 (Dec 2021) 2b/2b/1p This cluster of transactions, particularly the 2024 sale at $582,000, firmly supports a current market value in the $570,000 to $590,000 range for a two-bathroom unit in this building.