204/21 Belsize Avenue, Carnegie VIC 3163

Two bathrooms in a 2-bed | boutique Carnegie complex | strong rental yield | prime school zone | no overlays This property’s configuration advantage is clear – two bathrooms in a 86 square metre two-bedroom apartment is rare in this price segment and directly improves its appeal to owner-occupiers and renters alike. The strong rental yield of near 6% combined with the boutique block setting and good parking provision positions it well for a buyer seeking immediate cash flow or a solid foothold in a tight inner-south-east market. Carnegie’s train station, Koornang Road amenity, and school zoning to Glen Eira College add durability to the desirability. The main risk lies in pricing precision: the building contains a mix of apartment types and sizes, so the unit’s floor level and aspect must be weighed carefully against recent comparable sales in the same complex. The property has tracked moderate capital growth over its known history, so a buyer should not expect a sharp short-term gain but rather steady accumulation in a well-located suburb. No flood or bushfire overlays were detected, which simplifies financing and due diligence for both owner-occupiers and investors. Hold this property for at least five to seven years and let rental demand compound the return.