157 North Road, Brighton VIC 3186
157 North Road, Brighton VIC 3186
157 North Road, Brighton comprises a 1930s house on a 344m² lot and the ELEMA development at 155-157 North Road, a 12-townhouse project of three-bedroom, three-storey homes sized 143m² to 181m² with basement parking, lifts, and plunge pools.
The ELEMA townhouses offer a rare entry point into Brighton’s prestige market at a lower price than the area’s traditional detached homes, which often exceed two million for older stock. Their modern energy standards and luxury inclusions like dip pools and internal lifts set them apart from the suburb’s 1920s-1940s housing, making them ideal for families or upgraders seeking sophisticated living without the maintenance of an older property. The development’s walk score of 84 and proximity to top schools strengthen its appeal for those prioritising convenience and lifestyle in a coveted location.
The property’s value may be influenced by its position as a high-density insertion into a low-rise street, potentially altering neighbourhood character and buyer perception. Construction is ongoing with completion estimated for late 2026, so off-plan commitments carry timeline risk. The smaller internal footprint compared to traditional houses might limit appeal for buyers seeking generous living spaces, though the premium finishes and amenities could offset this for those prioritising modern design and efficiency over sheer size.
Detailed Independent Property Report prepared by PropCred Analyst team for 157 North Road, Brighton VIC 3186
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Brighton remains a premier bayside suburb, though its prestige housing market is currently experiencing a period of price consolidation and softening, particularly within the unit segment. Investor demand is a key driver, supported by exceptionally low vacancy rates and solid rental growth, indicating a tight and competitive rental environment. Future performance is likely to be constrained by affordability pressures and sensitivity to broader economic conditions, with a notable divergence in momentum between the slower-moving unit market and the more resilient, albeit cautious, house market.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
1382m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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