3/1A Somme Parade, Edithvale VIC 3196
3/1A Somme Parade, Edithvale VIC 3196
This is a single-level two-bedroom apartment with one bathroom and one car space, offering 79 square metres of internal living area on a 201 square metre site. Located in a low-rise beachside complex in Edithvale, it sits just steps from the sand and coastal walk, within a quiet sought-after pocket. The property is well presented with updated finishes.
A single-level configuration is rarely found in this beachside location, which strongly appeals to older downsizers and retirees who value easy access without stairs. It is positioned within a low-density enclave that maintains a relaxed coastal character, distinct from busier parts of the suburb. This property is best suited for buyers seeking a low-maintenance lifestyle with immediate beach access, where walkability and tranquillity outweigh the need for larger indoor space. Its positioning within the suburb is considered premium due to the scarcity of single-level units in this immediate beachfront area.
The small land share and single parking space may be viewed as limiting for families, but for the target demographic this is less of a constraint. The single-level design may be expected to command a price premium over two-storey alternatives in the same pocket. The absence of private outdoor space might be weighed against proximity to beach and coastal walk. Stable low-density zoning suggests limited future development pressure.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/1A Somme Parade, Edithvale VIC 3196
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Edithvale presents as a stable, family-oriented coastal suburb experiencing steady demand from established professionals. This demographic is driving a resilient market, with house prices demonstrating consistent, moderate growth while the unit segment shows stronger recent momentum. Rental yields remain modest, though rising rents indicate solid tenant demand. Future growth is underpinned by its enduring appeal to owner-occupiers, though the market’s sensitivity to broader economic conditions represents a key consideration for prospective buyers.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
201m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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