202/121 Murrumbeena Road, Murrumbeena VIC 3163
202/121 Murrumbeena Road, Murrumbeena VIC 3163
Top-floor 2-bed apartment in Bianco development|North light + east balcony|300m to station|Low OC fees + secure parking | 1653m² site. This two-bedroom apartment on a 1653sqm strata lot suits downsizers or professionals prioritising walkable urban access and low-maintenance living. Its corner top-floor position delivers abundant natural light through north-facing windows and an east balcony, setting it apart from lower units in the same complex. Practicality stands out with secure basement parking sans stacker system, engineered timber floors, and stone finishes that support everyday usability without excess. In a street anchored by the Bianco building, it benefits from immediate proximity to Murrumbeena Station, just 300 metres away, enhancing commuter appeal in this residential pocket. Buyers drawn to such apartments typically include young couples or investors seeking reliable rental yields in a suburb with strong transport links to the city. Similar two-bedroom units here have shown steady capital growth since developments like this emerged post-2010, underpinned by Glen Eira’s planning stability and school zones. The absence of overlays like bushfire or flood adds to its low-risk profile for long-term holding. Larger-than-average layouts in this price bracket position it competitively against Carnegie or Hughesdale alternatives, where station proximity commands a premium. Over time, its location near village amenities should sustain demand as Murrumbeena’s apartment stock matures.
Detailed Independent Property Report prepared by PropCred Analyst team for 202/121 Murrumbeena Road, Murrumbeena VIC 3163
Checks found:
Value Risk
✕
2
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Insight: Murrumbeena VIC 3163
Murrumbeena is a well-located south-east suburb experiencing steady gentrification. Demand is driven by professionals and families seeking proximity to the CBD and strong public transport connectivity. Median house prices typically exceed $1.3M due to limited housing supply and ongoing redevelopment. The suburb offers convenient rail access, cafes, and proximity to Monash University.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst