About this property
4/2A St Bernards Road is a ground‑floor 2‑bedroom, 1‑bathroom unit with a single garage space in a low‑rise 12‑unit residential building in Alphington, VIC. The building has estimated market value around $485,000 (mid‑range) and a weekly rental potential of $455‑$480, implying a gross yield of about 5 %.
Historical sales show the unit was purchased for $30,000 in 1982 and rose to $175,000 in 2001, while comparable nearby units are currently trading near $500,000, indicating strong capital growth. The complex has a mixed occupancy profile of roughly 40 % owner‑occupiers and 60 % renters. Alphington is an inner‑north Melbourne suburb about 7 km north‑east of the CBD, split between the Cities of Darebin and Yarra.
It is bounded by the Yarra River to the south and the Darebin Creek to the east, with ample green space, schools and transport options nearby
Also written as Unit 4, 2A St Bernards Road.