9B Theodore Street, St Albans VIC 3021
9B Theodore Street, St Albans VIC 3021
This is a 3-bedroom, 2-bathroom townhouse with 2 car spaces on a 152 m² title. The master bedroom includes a walk-in robe and private ensuite. It is a modern, ground-floor townhouse in a central St Albans location, positioned on a quiet residential street with a mix of housing types. The property is configured for compact, low-maintenance living with dedicated parking.
This townhouse is competitively positioned as a modern, low-maintenance option in a suburb where standalone houses on larger lots are more typical. The 3-bedroom, 2-bathroom configuration with 2 car spaces is a strong match for first-home buyers or small families seeking a move-in-ready home without the upkeep of a larger block. The master suite with ensuite adds a layer of privacy and convenience that is valued in this segment. Its central location on a quiet street offers a balance of accessibility and neighbourhood calm, making it a practical choice for owner-occupiers who prioritise modern finishes over land size.
The small 152 m² land size may influence long-term value growth compared to larger house lots in the area, as the property is more tightly constrained for future expansion. The absence of disclosed aspect or building age means seasonal light and structural condition are unknowns that could affect comfort and maintenance costs. Proximity to a supermarket at 1.4 km suggests daily errands require a vehicle, which might be a consideration for buyers without one. These factors may be weighed when forming a view on price, particularly against newer or better-oriented alternatives in the same price bracket.
Detailed Independent Property Report prepared by PropCred Analyst team for 9B Theodore Street, St Albans VIC 3021
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
St Albans presents as a well-connected, established suburb experiencing robust capital growth, particularly in its unit market. Demand is driven by a broad demographic seeking relative affordability within Greater Melbourne, supported by strong rental growth. Recent conditions show a consistently active sales market with solid price appreciation across both houses and units. Future growth is underpinned by this sustained demand, though variable selling periods and a moderate auction clearance rate indicate some sensitivity to broader market conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
152m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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