3/4 Raith Avenue, Sandringham VIC 3191
3/4 Raith Avenue, Sandringham VIC 3191
3 bed, 2 bath, 2 car spaces on a 168m² lot in a 13-unit building, 150 metres from Sandringham beach. The property is a renovated unit with a last sale in 2020.
This unit’s strongest competitive edge is its rare configuration — three bedrooms with two secure car spaces in a beachside pocket where parking is often tight. Its position 150 metres from the sand places it in a micro-location that commands attention from downsizers and families seeking a lock-and-leave lifestyle without sacrificing space. The renovation quality described as “premier beach style” suggests finishes that should hold appeal against newer stock, and the building’s low density (13 units) offers a quieter living environment than larger apartment blocks. This property is best suited to buyers who want coastal proximity with genuine room to spread out, not just a weekend bolt-hole.
The price guide sits below the most recent sale from 2020, which may indicate a softer market or a vendor motivated to move quickly — something a buyer could use to their advantage in negotiations. The lot size of 168m² is generous for a unit and could offer future flexibility, though any external changes would need council approval from Bayside. The building’s age is not clearly stated, so the quality of common areas and any upcoming special levies are worth verifying. The contradiction between the estimated value and the current guide suggests there may be room to negotiate, but only if the property’s condition and building health support it.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/4 Raith Avenue, Sandringham VIC 3191
Checks found:
Value Risk
!
1
Liquidity Risk
✕
2
Planning Risk
✓
Income Risk
✕
2
Execution Risk
✓
Market Insight
Sandringham is a premium bayside suburb anchored by its beachfront lifestyle and direct city access, attracting established families and professionals seeking quality schools and a stable environment. Demand is driven by owner-occupiers prioritising amenity over yield, supporting resilient but varied house price trends, while the unit market shows divergent performance. Future growth is linked to its enduring lifestyle appeal, though high price points and sensitivity to economic conditions temper transaction velocity and affordability.
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
168m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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