3/533 Highett Road, Highett VIC 3190
3/533 Highett Road, Highett VIC 3190
3-level townhouse | Highett Road café precinct | 2 living areas | rooftop deck | 223sqm land
This property offers a rare configuration advantage in Highett’s tight market: three levels with two separate living zones and a rooftop deck, effectively functioning as a small house in townhouse form. The 223sqm land component is above average for a modern townhouse, and the full refurbishment removes immediate capital outlay. It sits within the Highett Road retail strip, giving walkability to cafes and shops that typically commands a premium over deeper residential streets. The property is best suited to a downsizer seeking single-level living on entry level, or an investor targeting the owner-occupier demographic that dominates the complex at 60%.
The primary risk is the single bathroom, which limits appeal to families and may slow resale in a softer market. The 2022 purchase price is not disclosed, but the guide of $580k–$620k suggests modest capital growth over three years, reflecting the trade-off between location and internal space. The 40% rental mix in the complex may affect lending appetite for some buyers, though the street’s 58% long-term resident base supports stability. The opportunity lies in the rooftop deck and dual living areas, which are undersupplied in this price bracket; these features can justify a premium over comparable two-bedroom flats. Hold as a low-maintenance residence or rent for steady yield, but do not expect rapid appreciation.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/533 Highett Road, Highett VIC 3190
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Highett’s established bayside positioning attracts families and professionals seeking connectivity and quality schools. Demand is driven by its proximity to beaches and employment hubs, with strong activity in the unit market. Recent price trends show stability in houses but notable divergence in unit performance. Future growth is anchored in its infrastructure and location, though high entry prices and interest rate sensitivity present clear affordability constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
223m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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