303/64 Keilor Road, Essendon North VIC 3041

Third floor rear position | northerly terrace | tram at door | modern finishes throughout This unit’s advantage lies in its rare combination of a quiet rear position with a north-facing terrace, which is uncommon in this price band and gives it genuine lifestyle appeal for a first-home buyer or investor targeting stable rental demand. The stone-topped kitchen, engineered timber floors, and split-system climate control mean no immediate renovation is needed, and the secure parking with storage adds practical weight. The location across from Thompson Reserve with a tram stop at the doorstep creates a walkable urban edge that suits professionals or downsizers wanting connectivity without noise. The key risk is the building’s age and the lack of floor plans or strata details, which could reveal hidden body corporate costs or layout inefficiencies that affect resale. The price growth from the 2022 sale is modest, suggesting the complex may have a ceiling on capital appreciation. The opportunity is in the rental yield at $500 per week, which pencils out near 6% gross, making this a cash-flow hold rather than a flip. Buy it for the terrace and the tram, not for a quick gain.