21 Southampton Drive, Mulgrave VIC 3170

21 Southampton Drive, Mulgrave VIC 3170
modern townhouse in Waverley Park Estate | three bedroom family layout | good school catchment access | single garage constraint | well-connected location This townhouse is situated within a well-regarded estate where strong school catchment appeal and easy freeway access are noted. Its open-plan layout with neutral finishes and stone kitchen is considered contemporary for its era. Ducted heating and refrigerated cooling are provided for comfort. The 142m² floorplan offers practical space across three bedrooms, though the single garage and 207m² land reflect a more compact footprint than detached housing. This configuration is best suited to buyers prioritizing location and convenience over land size. Value might be affected by the limited parking arrangement, which could deter some families, and the compact land size relative to newer townhouse stock. The property’s competitive position is strengthened by its lack of overlay restrictions and its estate setting, though the absence of a confirmed aspect may leave some uncertainty about natural light consistency.
Detailed Independent Property Report prepared  by PropCred Analyst team for 21 Southampton Drive, Mulgrave VIC 3170
Checks found:
Value Risk 2
Liquidity Risk
Planning Risk 2
Income Risk ! 1
Execution Risk 2
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Mulgrave VIC 3170

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

3

Bathroom

2

Parking

1

Land

207m²

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Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst