5/45 Power Street, Kooyong VIC 3144
5/45 Power Street, Kooyong VIC 3144
3 bed | 2 bath | 2 car | Kooyong pocket | off-market | inconsistent data
This property sits in a tightly held Kooyong pocket where turnover is low and owner-occupier demand is structurally high. The three-bedroom configuration with two bathrooms and two car spaces is uncommon for apartments in this suburb, giving a buyer a rare floorplan that competes more with townhouses than typical flats. The 1,523 mยฒ site component suggests a well-serviced complex with land value buffer, and the location near elite schools, Gardiners Creek, and Kooyong Village anchors long-term desirability. It suits a downsizer or family seeking a low-maintenance base in a premium schooling zone without sacrificing space.
The bedroom and car space inconsistencies across sources signal either an outdated portal record or a multi-level layout that may not match the advertised countโthis must be verified via title and floor plan before any offer. Being off-market or inconsistently listed means a buyer has no competitive tension to navigate, but also no recent price evidence to benchmark against; the $610,000 to $810,000 range is too wide to rely on. The opportunity lies in negotiating from a position of low demand, provided the title and strata report confirm no special levy or structural issues. Hold this property as a core residential holding in a low-supply suburb with strong capital preservation.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 5/45 Power Street, Kooyong VIC 3144
Market Insight:
Kooyong is an exclusive, low-turnover suburb characterised by high-value, spacious homes. Demand is anchored by established owner-occupiers, evidenced by high outright ownership and auction clearance rates. The house market has experienced price sensitivity and softening, contrasting with stronger unit performance. Future growth is constrained by extremely limited supply and high entry prices, though tight rental vacancy underscores enduring appeal.