7/181-183 Geelong Road, Seddon VIC 3011

West Footscray station walking distance | Updated interior conceals ageing block | Unit market down 13.1% | Rental yield below suburb median The decision narrows to this: you are buying a well-renovated unit in a block where the common property and external fabric will eventually require capital outlay, a risk that is not yet priced into the $360k-$390k range. The recent sale at 9/181-183 for $345k (Oct 2024) supports current asking, but the 13.1% decline in Seddon unit values over the past year means price growth is unlikely in the short term. This property works best as a hold for stable rental income or a first home where you plan to stay for five years. Where this unit competes is on immediate livability—timber flooring, built-in robes, and an updated kitchen are rare in this price bracket for a suburb within 10km of the CBD. The ground-floor position and carport add practical appeal for an owner-occupier, while investors should note the $420/week rental estimate yields 5.6% at the low end of asking, slightly below Seddon’s 4.8% average but still cash-flow positive with a typical deposit. This property suits the buyer who prioritises move-in condition over capital appreciation. Understand the tradeoff between a polished interior and an ageing complex before you bid. The comparable at 17/181-183 sold for $245k in January 2026—ask your conveyancer to review the sinking fund balance and recent special levies from strata records; those numbers will tell you if the price gap is value or deferred risk.