809/470 Smith Street, Collingwood VIC 3066
809/470 Smith Street, Collingwood VIC 3066
3BR 2 secure car | Trilby development | Smith St edge | rooftop city views | easterly balcony
This property occupies a rare intersection of space and location in Collingwood. The three-bedroom, two-bathroom configuration with two secure car spaces is genuinely uncommon for an apartment in this price band, which gives a buyer meaningful negotiating leverage in a market where families and downsizers compete for floorplan utility. The Trilby development’s communal rooftop with city views and BBQ facilities adds a lifestyle buffer that lifts the property above standard stock, while the easterly full-width balcony and parquetry flooring signal a well-considered interior. It suits a buyer who wants inner-urban connectivity without compromising on liveable square footage or parking.
The primary risk is the gap between the estimated value around $950,000 and the listed price guide of $1.05 to $1.15 million. That delta suggests either vendor optimism or a deliberate negotiation buffer, but it also means a buyer must be prepared to anchor below the guide to avoid overpaying. On the opportunity side, the 2019 sale at $860,000 shows the property has held value through a soft period, and the rental history at $850 per week provides a credible floor for an investor. The Expressions of Interest campaign closing 4th June creates a defined timeline, which can be used to test vendor resolve if comparable sales remain thin.
Detailed Independent Property Report prepared by PropCred Analyst team for 809/470 Smith Street, Collingwood VIC 3066
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Collingwood is a sought-after inner-city suburb characterised by a professional demographic and premium lifestyle appeal. Demand is driven by this affluent cohort seeking low-maintenance homes in a tightly held urban setting, with limited land supply intensifying competition. Recent price trends reflect a robust market where well-presented properties attract strong interest, though a balanced dynamic has seen more thoughtful negotiation. Future growth is underpinned by its enduring desirability and constrained inventory, yet the market’s sensitivity to broader economic conditions and selective buyer appetite present ongoing considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1479m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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