5/332 Neerim Road, Carnegie VIC 3163

2 bed 2 bath 1 car | same building sold at $590k in June 2025 | Carnegie rail and retail corridor | dual bathrooms rare in this price band The property offers a clear competitive edge in the Carnegie apartment market: two full bathrooms in a two-bedroom unit is uncommon at this price point, directly widening the buyer pool to include sharers, small families, and downsizers who prioritize separation. The single car space is adequate for this segment and the building’s location on Neerim Road places it within easy walking distance to Carnegie station and Koornang Road amenities, which supports both owner-occupier appeal and tenant demand. The June 2025 sale of a same-building comparable at $590,000 provides a reliable valuation anchor, indicating the market has already tested and validated this price band for the configuration. The primary risk is the lack of confirmed internal condition, floor level, and aspect, which means a unit requiring significant cosmetic work could trade below the comparable. Body corporate fees and any special levies are unknown and could affect holding costs. The opportunity lies in negotiating from the $550,000–$600,000 range, particularly if the unit is dated or on a lower floor. For a buyer, this property works best as a long-term hold in a suburb with consistent demand; it is not a renovation play unless below-market entry is secured.