4/8 Gregory Street, Oak Park VIC 3046
4/8 Gregory Street, Oak Park VIC 3046
3 bed townhouse | 162sqm land | 18sq build | mid $600s weekly rent | larger than nearby stock
This townhouse offers a competitive configuration that is rare in Oak Parkโs medium-density stock, with three bedrooms and two bathrooms on a compact but usable 162 square metre block. The 18-square build provides generous internal space for a young family or downsizer seeking lower-maintenance living without sacrificing room count. Its rental signals in the mid-$600s per week confirm strong demand from both families and investors, and the propertyโs positioning within a residential pocket near transport and amenities makes it a practical choice for owner-occupiers prioritising convenience and future growth potential.
The absence of verified details on finishes, aspect, build year, or floor layout means the propertyโs condition and internal quality may affect its final value more than typical. Strata insurance around $985 per year is modest, but without knowing body corporate rules or sinking fund health, ongoing costs should be verified. The land size is small by suburban standards, which may limit future extension options and could be a constraint for buyers wanting more outdoor space. These factors should be weighed when forming a view on price, as they introduce variability beyond the strong configuration and location fundamentals.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 4/8 Gregory Street, Oak Park VIC 3046
Market Insight:
Oak Park is a well-established, leafy residential suburb attracting a professional demographic of young families and couples. Demand is driven by its relative affordability and proximity to the city, creating a stable, owner-occupied market. Recent price trends show solid growth, particularly for units, with a competitive auction environment indicating sustained buyer interest. Future prospects are supported by its family-friendly appeal, though the market remains sensitive to broader economic conditions influencing borrowing capacity.