82 Barnett Street, Kensington VIC 3031

Victorian terrace, updated interior, flood overlay, heritage controls | Kensington edge location, compact courtyard, secure laneway | 2-bedroom character home with strong rental demand | buyer caution needed on flood and heritage restrictions The property presents a competitively positioned inner-city terrace, where an updated interior and secure rear laneway access reduce the typical compromise of a compact 161m² site. For a buyer seeking a move-in-ready city-edge home with character, the open-plan layout and courtyard garden offer genuine lifestyle appeal; the location within Kensington, with its strong demand for two-bedroom homes, supports both owner-occupier comfort and rental resilience. This property best suits a professional couple or downsizer who values walkability and low-maintenance living over future expansion. The key risk here is the combination of flood and heritage overlays, which may constrain any plans for rear extensions or façade changes and could influence insurance premiums. For a buyer willing to work within these limits, the property’s updated presentation and strong rental yield potential around $705 per week provide a solid foundation; the heritage overlay also limits future supply of similar homes, which may support long-term value. The price guide aligns broadly with independent estimates, but the flood overlay warrants a thorough due-diligence check before proceeding.