38B Bunnett Road, Knoxfield VIC 3180
38B Bunnett Road, Knoxfield VIC 3180
This is a four-bedroom, two-bathroom apartment with two car spaces on a 476-square-metre lot, configured as a ground-level unit with an independent driveway and no body corporate fees. It is a rare configuration for the area, offering substantial internal space typically found in houses.
The competitive strength of this property lies in its uncommon combination of four bedrooms, a private rear position, and the complete absence of body corporate fees. This independence, paired with a large land holding for an apartment, positions it as a compelling alternative to a traditional family house. It is best suited for a buyer seeking substantial living space and low ongoing costs without the maintenance of a standalone home. Within the suburb, this property occupies a distinct niche, bridging the gap between standard units and larger family houses, which may attract a broader pool of interest from both owner-occupiers and investors.
Factors that may affect the value include the property’s rear location, which could be perceived as less desirable by some buyers seeking street presence, but this is offset by the privacy and independent access. The absence of a known construction year might introduce uncertainty regarding future maintenance needs, though the immaculate presentation suggests recent care. The land size, while generous for an apartment, is smaller than a typical house lot, which may limit future expansion or outdoor space. These elements should be weighed against the clear benefit of no ongoing body corporate fees when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 38B Bunnett Road, Knoxfield VIC 3180
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Knoxfield is a well-established family suburb attracting professionals seeking a settled environment. Demand is driven by owner-occupiers, particularly young families, supported by strong long-term capital growth. Recent market conditions show a divergence, with house prices experiencing some softening while the unit segment demonstrates resilience. Future growth is underpinned by its established appeal, though the market remains sensitive to broader economic conditions, evidenced by fluctuating sales volumes and varied annual performance.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
477m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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