1/6 Percy Street, Mitcham VIC 3132

3 bedrooms plus study | dual-level contemporary townhouse | boutique 7-property complex | 250m to Mitcham Station This townhouse offers a rare configuration advantage in a market where three-bedroom units are undersupplied relative to demand. The study adds functional flexibility for remote work or guest use, while the dual-storey layout and leafy communal gardens create a private sanctuary feel that typically commands a premium over standard flats. The property suits downsizers seeking space without land maintenance, or professionals valuing walk-to-transit convenience and proximity to Mitcham’s primary schools. The primary risk is the 792m² land parcel being shared across seven properties, limiting individual land value appreciation and making this more a lifestyle purchase than a land-banking one. The 2018 sale price at $750,000 suggests limited capital growth over eight years, and the current estimate aligns closely with that figure, implying a flat market for this unit type. However, the boutique complex with high owner-occupier ratio reduces turnover risk. Hold this as a medium-term residence or rental, not a speculative flip.