2/37 Myrnong Cres, Ascot Vale VIC 3032

First floor with parking | solid rental yield in a tight market | older block with recent comparable sales | established inner-west pocket The primary buying case rests on the combination of a dedicated car space and a rental yield near 6% in a suburb where one-bedroom stock with parking is structurally undersupplied. The property sits within a small complex on a large block, which reduces the risk of oversupply within the building and typically attracts owner-occupiers over transient tenants. For an investor seeking low-maintenance exposure to the Moonee Valley corridor, or a first-time buyer wanting to enter with a single parking bay, the configuration offers clear positional advantage. The main risk is the 1970 build quality and the fact that the asking price sits notably above the most recent estimate and the late-2024 sale in the same building. That spread suggests the vendor may be pricing for negotiation, and a buyer should treat the $375,000 figure as a ceiling rather than a floor. The upside is that no flood or heritage overlays were detected, and the NBN and 5G connectivity support tenant appeal without being primary drivers. A buyer who can negotiate toward the mid-$300,000 range will secure a defensible entry point with room for modest capital growth.