204/40-52 Percy Street, Brunswick VIC 3056
204/40-52 Percy Street, Brunswick VIC 3056
This 2-bedroom, 1-bathroom, 1-car space unit sits on the second floor of a mid-rise complex sharing a 755 m² lot. The building is roughly 20 to 30 years old, and the apartment is described as large and light-filled. It is positioned just off the Sydney Road precinct, giving strong walkability to shops, trams, and cafes. The single bathroom is the main trade-off, while the parking spot adds practical appeal in this inner-urban pocket.
What sets this property apart is its combination of natural light, generous room sizes, and a location that places it within metres of one of Melbourne’s most active retail and transport corridors. In a suburb where many newer apartments trade two bathrooms as standard, this unit offers a genuine point of difference in usable floor space and a quieter second-floor position. It is best suited to a young professional, a couple, or an investor targeting tenants who prioritise location and light over ensuite convenience. The property sits comfortably below the price of comparable two-bedroom units in the immediate area, which reflects the single bathroom-but the functional layout and car space help offset that.
The value of this unit may be influenced by its single bathroom compared to the typical two-bathroom layout in similar complexes nearby, which often commands a premium. The second-floor walk-up without lift access might narrow the buyer pool slightly, though it also means less street noise and better natural light. Building age suggests common property maintenance could arise, but no major defects are flagged. The strong rental demand in Brunswick supports price stability, so the main factor to weigh is whether the missing bathroom is a serious constraint for your intended use or a fair trade for the lower entry point.
Detailed Independent Property Report prepared by PropCred Analyst team for 204/40-52 Percy Street, Brunswick VIC 3056
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Brunswick presents a stable, well-connected urban market where demand is bifurcated. Young professionals and investors drive strong interest in units, attracted by solid rental yields and proximity to the CBD, while families compete for a limited supply of houses, supporting steady sales volumes. Recent price trends show houses in a period of stability, whereas the unit segment has demonstrated more dynamic movement. Future growth remains anchored to its transport links and enduring rental appeal, though high entry prices for houses present a persistent affordability constraint.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
755m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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