3/74 Paxton Street, Malvern East VIC 3145
3/74 Paxton Street, Malvern East VIC 3145
This 2-bedroom apartment offers 82 square metres of internal living space with one bathroom and one car space. It is part of a 7-unit building on a 779 square metre shared lot in Malvern East. Historical records indicate a 3-bedroom configuration, but current listings show 2 bedrooms.
The property is competitively priced within its building, sitting slightly below similar units, which may reflect its configuration or condition. Its internal size is generous for a 2-bedroom apartment, offering more space than many newer developments. The quiet street location and stable community of 7 units make it appealing for young professionals or couples seeking low-maintenance living in inner-southeast Melbourne. The suburb’s strong rental demand and proximity to transport and shopping enhance its liveability.
The property’s value may be influenced by its older building age, as construction details are not specified, potentially requiring updates to fixtures or finishes. The shared land limits private outdoor space, which could affect appeal for those wanting a garden. The historical bedroom count discrepancy suggests possible layout flexibility, which might be an opportunity for a buyer to reconfigure. These factors should be weighed when forming a view on price, but the property’s competitive positioning and solid size provide a strong foundation.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/74 Paxton Street, Malvern East VIC 3145
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Malvern East is a well-established, family-oriented suburb prized for its strong connectivity and access to high-quality public and private schools. Demand is consistently driven by professionals and families seeking a premium lifestyle near key amenities and employment hubs. The housing market demonstrates robust growth, with houses significantly outperforming units, and properties transacting efficiently. Future demand is underpinned by these enduring lifestyle and educational attributes, though high price points present an affordability constraint and the market remains sensitive to broader economic shifts.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
779m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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