2/21 Montana Avenue, Mulgrave VIC 3170
2/21 Montana Avenue, Mulgrave VIC 3170
Four-bedroom rear townhouse | 252sqm on title | built 2010 | Monash school zone
This townhouse’s competitive edge lies in its rear position, which delivers more privacy and less street noise than a front unit, combined with a functional 252sqm land size that is uncommon for a four-bedroom townhouse in this price band. The dual living zones, upstairs study, and covered alfresco area with bi-fold access to a sundeck create genuine separation for a family or professional couple. The kitchen’s waterfall stone and butler’s pantry are above-standard finishes for a 2010 build, and the double garage with rear roller door adds practical utility. This property suits buyers who need four bedrooms and a low-maintenance footprint but want a house-like feel without strata complications.
The primary risk is the 2024 purchase at $1,050,000, meaning the current guide implies no capital growth in over two years, and the asking range sits near that level. The 252sqm land is small for a freestanding house, limiting future subdivision potential, and the rear access may complicate deliveries or moving. The rental yield near 4% is solid for this area, offering a viable hold strategy if the buyer’s timeline is medium-term. The Monash council area and school catchment add long-term demand stability. Hold this property as a family home or a low-effort rental; do not expect land-banking upside.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/21 Montana Avenue, Mulgrave VIC 3170
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Mulgrave is a well-established, family-oriented suburb with strong owner-occupier appeal, evidenced by high auction clearance rates. Demand is driven by young professional families seeking spacious homes in a settled community. The housing market demonstrates robust growth, while the unit segment currently faces price headwinds. Future performance is underpinned by its established character and proximity to the city, though sensitivity to interest rates and unit market softness present key considerations.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
252m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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