4/28 Alfred Street, Noble Park VIC 3174

2-bed apartment | 82 m² internal | 208 m² lot | Noble Park Primary catchment | Off-market This unit presents a competitively sized two-bedroom floor plan on a substantial lot for its typology, a configuration that is increasingly scarce in the suburb’s unit market. Its long-held ownership and position within the Noble Park Primary School zone create immediate appeal for both owner-occupiers seeking entry into the catchment and investors targeting stable rental demand from families. The property’s two-decade absence from the market, however, severely limits transactional evidence, obscuring its true market calibration and strata health. Proceed only after commissioning a strata report to uncover any capital works liabilities and securing an independent valuation to challenge the broad estimated range. The lack of recent sales comparables for this specific lot necessitates a conservative bid strategy, anchoring to the most recent similar sale at 4/28 Allan Street while accounting for its superior bathroom count. For a buyer, this property is a hold for rental yield or equity capture, not a short-term trade. Propcred can validate its real market valuation, provide a due diligence checklist for unit purchases, and assess locality-specific risks to inform insurance and holding costs. Comparable sales indicate a constrained value band. 4/28 Allan Street, a two-bedroom, one-bathroom unit, sold for $500,000 in mid-2022. This suggests a baseline, with the subject property’s second bathroom and time elapsed likely commanding a premium, yet keeping it well below the $660,000+ asking range for other units in the same building.