1/23 Faulkner Street, Blackburn South VIC 3130

1/23 Faulkner Street, Blackburn South VIC 3130
own title | no body corporate | 3-bedroom unit | 264 sqm land | suburban family appeal This property is competitively positioned as a low-density unit with its own title and no body corporate, which is relatively rare in Blackburn Southโ€™s unit market. The 264-square-metre lot and three-bedroom configuration make it a strong fit for downsizers or young families seeking a house-like footprint without shared ownership overhead. The dwelling is described as beautifully maintained and light-filled, suggesting it has been well cared for and likely updated, which should reduce immediate maintenance concerns for a buyer. Its suburban location in a family-oriented area supports steady demand from both owner-occupiers and investors, though the property sits in the unit segment rather than the detached-house market, so its appeal is tied to those who value autonomy over land size. The lack of body corporate may be a positive for some buyers, but it also means the buyer assumes full responsibility for all external maintenance, including roofing, fencing, and common areas, which could affect holding costs. The single-bathroom layout might be a constraint for families or tenants accustomed to two bathrooms, potentially narrowing the buyer pool or limiting rental appeal at higher price points. The rental listing of $850 per week suggests reasonable income potential, but this figure is not confirmed as a leased outcome, so yield expectations should be treated as indicative. The propertyโ€™s age and renovation status are not documented, so the buyer should verify the condition of key systems like plumbing, electrical, and heating before forming a price view.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 1/23 Faulkner Street, Blackburn South VIC 3130
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Market Insight:

Blackburn South presents as a well-established, family-focused suburb offering a leafy, community-oriented lifestyle with strong local amenities. Demand is driven by established professionals and families seeking spacious homes and access to parks and transport. The housing market demonstrates stable, moderate growth, while the unit segment has experienced notable recent softness. Future prospects are underpinned by its enduring appeal as a residential haven, though the divergent performance between property types indicates a market with selective buyer caution.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

264mยฒ

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