7/13 Emily Street, Carnegie VIC 3163

renovated 2-bed flat | $470k-$510k target | block resales soft | Glen Eira price floor This unit sits in a block where a comparable sale settled at $561,000 in September 2025, yet the current list range is priced below that recent transaction. The gap likely reflects a softer market since late 2025, not a property defect. If bought at $490,000, the buyer secures immediate equity against the 2025 comp and locks a rental yield near five percent gross. Holding is the correct posture: use it as a rented core holding or a first-home owner-occupier entry point in a council area with disciplined land supply. What makes this property competitively strong is its refurbished condition within an 870-square-metre block that carries no heritage or flood overlays. For a buyer, that means lower immediate maintenance and zoning flexibility if the site redevelops long term. It suits a first-home buyer seeking a turnkey apartment with 6+km proximity to Melbourne’s CBD, or an investor wanting a sub-$500,000 entry into a municipality with reliable primary and secondary school zoning. The next step is to inspect on 25 April and test whether the vendor’s price guidance meets the evidence from last year’s block sale.