3/14 Forrest Street, Albion VIC 3020

Renovated 1-bed flat in Albion | compact 55sqm floorplan | unit in multi-unit lot | near station and Sunshine precinct This property presents a rare opportunity for a first home buyer or investor seeking a low-maintenance, renovated entry point in Melbourne’s inner-west corridor. The 1980-built flat has been thoughtfully updated with a designer bathroom and contemporary finishes, removing the immediate need for capital outlay. Its compact 55sqm footprint and single carport suit a single occupant or tenant, while the location near Albion Station and Sunshine’s shopping and school precincts supports steady rental demand. For a buyer priced out of Sunshine proper, this unit offers a comparable commute and amenity access at a lower entry cost, with the renovated condition strengthening negotiating position in a soft market. The primary risk is the property’s small floorplan and shared lot structure, which limits appeal to owner-occupiers seeking space and may cap long-term capital growth relative to standalone houses. The estimated value range of $210,000 to $240,000 suggests the current asking price carries a premium for the renovations, so a buyer should negotiate firmly toward the lower end. No rental data is available, but comparable units in the area typically yield 4.5–5%, making this viable for cash-flow-focused investors. Hold for steady rental income or as a first step into the market, but do not expect rapid appreciation.