312/480 Albion Street, Brunswick West VIC 3055
312/480 Albion Street, Brunswick West VIC 3055
2 bed 1 bath 1 car apartment | Albion Street Brunswick West | established complex with sale history | likely north facing aspect | first home buyer and investor demand
This apartment sits within a well established complex on Albion Street, a location that offers a solid balance of inner city access and suburban calm. The 2 bedroom 1 bathroom configuration with a single car space is a standard but consistently sought after layout in this part of Brunswick West, appealing strongly to first home buyers and investors who value a straightforward low maintenance property. The complex itself appears to be a mid market development with a history of sales in the mid to high four hundreds, suggesting the building holds its value reasonably well without excessive volatility. For a buyer looking for a functional apartment in a stable inner northern suburb, this property represents a practical entry point.
The asking range of 500 to 550 thousand dollars positions this unit in a competitive segment where price sensitivity is high. The prior sale at 450 thousand in 2012 gives some sense of long term growth but the market has shifted significantly since then. The overall lot size of 1.36 acres likely refers to the entire complex rather than the individual unit, so buyers should not assume any meaningful land component. The lack of confirmed internal finishes or floor level means the actual condition and aspect could materially affect value. A north facing unit with natural light and a balcony would command a premium, while a darker or lower floor unit might trade at the lower end of the range. Buyers should inspect carefully and compare directly with recent sales in the same building.
Detailed Independent Property Report prepared by PropCred Analyst team for 312/480 Albion Street, Brunswick West VIC 3055
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Brunswick West is an established inner-north suburb experiencing steady demographic and price growth, anchored by a young professional population. Demand is driven by families seeking larger homes and investors attracted by strong rental yields in the unit sector. Recent house price trends show stability with some variability, while the unit market demonstrates consistent growth. Future demand is supported by population increases and constrained housing supply, though market sensitivity and affordability present ongoing considerations.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1.36 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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