24/8-32 Howlett Street, Kensington VIC 3031

Top-floor quiet corner | 2000 build with balcony | 5.6% gross rental yield | No overlays simplifies purchase This unit presents a competitively strong investment case due to its high yield profile and simplified ownership structure. The calculated gross rental yield sits at the premium end for Kensington, indicating immediate income strength, while the absence of planning overlays removes common regulatory risk. The top-floor position in a quiet complex corner enhances livability and tenant appeal. This configuration best serves an investor seeking cash flow or a first-home buyer leveraging rental income to offset mortgage costs. The primary risk is capital growth stagnation, given the 2022 purchase price of $530,000 now aligns with the current lower listing range. This suggests purchased value may not be recovered in the short term. The opportunity lies in securing a high-yielding, low-maintenance property in a well-located complex. Proceed if the income return justifies the hold; our property report validates this pricing against recent sales and details locality-specific risks for insurance and due diligence. Recent comparable sales data shows this specific unit sold for $530,000 in February 2022. Broader Kensington two-bedroom apartments are currently trading between $500,000 and $580,000. This context indicates the current asking range is positioned to attract a buyer, but achieving a price above the 2022 sale may prove challenging without unique competition on auction day.