3/1 Tower Avenue

3/1 Tower Avenue is a residential apartment within a four‑unit building constructed around 1880 in Alphington, Victoria. The unit comprises two bedrooms, one bathroom and has no dedicated car parking. It is currently off‑market and was last sold in October 2006 for $300,000.

estimates its market value between $430,000 and $570,000 (mid‑point $500,000) and suggests a rental income of $515 per week, yielding roughly 5.4%. The property is situated in the City of Yarra, close to tram route 78 on Heidelberg Road and within walking distance of Alphington Station on the Hurstbridge line.

Nearby amenities include Alphington Park, local primary schools and a range of childcare centres, making the location convenient for families