2/117 Waverley Street, Moonee Ponds VIC 3039
2/117 Waverley Street, Moonee Ponds VIC 3039
compact 2‑bed townhouse | flood overlay noted | river‑adjacent private lane | premium finishes throughout | low‑maintenance living
This townhouse is positioned as a low‑maintenance option in a riverside pocket of Moonee Ponds. Its modern 2014 construction and dual bathroom configuration are considered competitive for buyers seeking newer infill stock rather than period homes. The premium finishes and dual courtyards are noted as attractive features for downsizers or professional couples. School catchment access to Moonee Ponds West Primary School is a positive demand signal. The property is best suited to those wanting a lock‑and‑leave lifestyle with proximity to walking tracks and cafes.
The flood overlay is a factor that may influence insurance costs or future renovation flexibility. The limited land size and single car space might reduce appeal for families or car‑dependent buyers. Secure tenancy until 2026 provides income certainty but may delay owner‑occupation. These elements should be weighed when considering the property’s value relative to its asking price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/117 Waverley Street, Moonee Ponds VIC 3039
Checks found:
Value Risk
✕
2
Liquidity Risk
✕
2
Planning Risk
✕
2
Income Risk
!
1
Execution Risk
✕
2
Market Insight
Moonee Ponds is a premium, high-demand suburb with a demographic skew towards affluent, younger professionals, evidenced by its strong household incomes. Demand is driven by this established resident base seeking quality housing, though recent quarterly price declines and a lower clearance rate indicate a softening market and emerging affordability pressures. Future growth is underpinned by sustained rental demand and solid yields, yet the suburb’s premium pricing relative to broader Melbourne presents a key constraint, potentially tempering buyer activity in the near term.
PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
114m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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