G3/4 Station Street, Blackburn VIC 3130

Ground floor north-facing one-bedroom | Vela development 2016 build | 66sqm with terrace and car space | Walk to Blackburn Station Village and trains This unit’s competitive edge is its rare combination of a genuine 66sqm internal footprint, north-facing terrace, and a single-level ground floor layout in a low-rise 2016 build—features that appeal strongly to owner-occupiers seeking low-maintenance space and investors targeting stable rental demand in a high owner-occupier suburb. The location within walking distance to Blackburn Station Village, Laburnum Station, and good school catchments reinforces its position as a solid entry point for first-home buyers or downsizers who prioritise convenience and a quiet residential feel over amenity-heavy complexes. The key risk is the price guide sitting below recent valuation estimates, which may reflect slower market conditions or the unit’s position within a 24-residence building with no notable shared amenities—this limits upside compared to boutique or amenity-rich developments. For a buyer, the opportunity lies in negotiating within the guide range, as the suburb’s 8.6% growth and low rental turnover support long-term value retention. Hold this property as a core residential holding or a low-effort rental; its layout and location make it a stable, not a high-growth, play.