6/165 Princes Way, Drouin VIC 3818

2 bed unit | Drouin complex | long owner tenure | near schools and town This unit sits in a small complex where 44% of owners have held for over a decade, an uncommon signal of genuine livability and low churn. The 2-bedroom, 1-bathroom configuration is the most liquid floorplan in the Drouin market, and the building’s proximity to both Drouin Primary and Secondary College gives it a structural advantage for family buyers or investors targeting the rental pool. The recent $450,000 sale of unit 7 in the same building provides a credible price anchor, meaning this property is unlikely to face the valuation risk that isolated listings carry. For a buyer seeking a low-maintenance entry into a tightly held complex with proven capital growth, this unit offers a rare combination of tenure stability and school-zone leverage. The primary risk is parking ambiguity—one source says 3 spaces, another suggests 1, and this discrepancy could affect both usability and resale appeal for car-dependent buyers. The 2003 purchase price of $195,000 implies the unit has appreciated significantly, but without recent renovation data, the buyer should budget for potential updates to kitchens or bathrooms, which typically cost $25,000–$40,000 in this market. The opportunity lies in the building’s consistent long-term growth trajectory: unit 7’s 2.97% annualised return over 20 years is solid for a regional unit, and buying now at a similar price point could replicate that pattern. Hold this property for at least 7 years to capture the school-zone premium and avoid transaction costs that would erode short-term gains.