2/767-769 Sydney Road, Coburg North VIC 3058
2/767-769 Sydney Road, Coburg North VIC 3058
Ground floor apartment with parking | Coburg North main-road position | Good school zoning | Compact but functional layout
This apartment sits in a practical position within the Coburg North corridor, offering ground-floor access, a dedicated car space, and a secure entry that reduces the usual trade-offs of apartment living. The 68-square-metre footprint is modest but includes built-in robes, floorboards, split-system air conditioning, and a dishwasher โ finishes that suggest the property has been reasonably maintained rather than left untouched. Its zoning to Coburg Primary School, Coburg High School, and Pascoe Vale Girls Secondary College adds genuine appeal for small households or investors targeting tenant demand near public transport and the Pentridge precinct. The deck and shed provide outdoor utility uncommon in this price bracket, and the setback from Sydney Road likely moderates street noise without losing proximity to trams and trains.
The absence of a confirmed build year means the buyer should verify the age of the buildingโs structure and services, as older complexes may involve higher body corporate fees or future maintenance contributions. The single bathroom may limit appeal for some owner-occupiers, and the 68-square-metre lot size restricts expansion opportunities. The estimated rental yield near 5.3 percent suggests investor interest, but the propertyโs value may be influenced by how the ground-floor position compares to upper-level units in the same complex. A buyer should inspect for natural light exposure and any noise transfer from common areas before forming a final view on price.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/767-769 Sydney Road, Coburg North VIC 3058
Market Insight:
Coburg North presents as a mixed residential market, with demand anchored by family buyers seeking established houses. Recent price trends show divergence, with house values experiencing modest pressure while unit performance varies significantly. The market demonstrates solid underlying demand, evidenced by consistent sales volumes and competitive auction clearance rates. Future growth is supported by its established proximity to broader Melbourne networks, though sensitivity to economic conditions is reflected in extended selling periods for some segments and fluctuating sales activity.