5/26 Leonard Cres, Ascot Vale VIC 3032

1-bed apartment | Ascot Vale | single car space | strong rental yield | building comparables under $360k This is a compact one-bedroom apartment in a well-connected inner-west suburb, and its primary competitive strength lies in the combination of a single car space and a gross yield approaching 6.7% against recent building sales. For an investor or a first-home buyer seeking a low-maintenance foothold with solid rental demand, the unit offers a rare alignment of transport access, no heritage or flood overlays, and a proven rental profile around $470 per week. The building’s recent comparable sales—all clustering in the mid-$350,000 range—provide a clear benchmark that supports the property’s value proposition if acquired near that level. The key risk is that the current asking range sits above those recent building comparables, meaning the buyer’s position depends on negotiating down toward the $360,000 evidence line. Internal factors such as floor level, natural light, and owners corporation fees remain unverified and could materially affect both livability and resale appeal. The opportunity lies in the building’s consistent rental performance and the absence of major planning constraints, which together reduce downside risk for a patient buyer who can secure the unit at or below the estimated value.