4/20 Dunoon Street, Murrumbeena VIC 3163

2-bedroom unit in 9-unit block | Murrumbeena’s stable end of market | no recent street sales to benchmark | positioned for entry-level owner-occupiers or investors This unit sits in a compact, well-contained block—low-density, which typically reduces body corporate surprises and appeals to buyers wanting fewer neighbours. The 45/55 owner-renter split suggests a building with some owner-occupier stability, not purely investor-driven turnover. For a first-home buyer or investor seeking a foothold in Murrumbeena, this is positioned below the suburb’s median unit price, offering a rare entry point without competing against the premium end. The expressions of interest process, rather than a fixed price, gives a buyer room to negotiate if comparable sales data is thin. The main risk is the lack of recent sales evidence on this street and within the building itself—last sold in 2001—meaning the guide may reflect aspirational pricing rather than market reality. Without floor plans or photos, the unit’s internal condition is unknown, which could hide deferred maintenance or awkward layouts. The conflicting listing dates and one source saying it’s off-market suggest possible seller indecision or agent inconsistency, both of which can weaken a buyer’s position if used tactically. For a buyer, this property works best as a hold-and-occupy or hold-and-rent play, not a flip; the suburb’s steady demand supports that, but only if you inspect thoroughly and price off comparable blocks nearby.