7/22 Baker Street, Lilydale VIC 3140
7/22 Baker Street, Lilydale VIC 3140
This is a two-storey 2024-built townhouse with two bedrooms, two bathrooms, and one car space on 112 square metres of exclusive land. It sits privately at the rear of a small complex in Lilydale.
What makes this property stand out is its turnkey condition and private rear positioning within a new complex, which is rare in a suburb dominated by older detached homes and established townhouses. The two-storey layout with bedrooms on the lower level offers a practical separation of living and sleeping spaces, appealing to first-home buyers, young couples, or small families seeking low-maintenance housing without immediate renovation needs. Its compact land size keeps upkeep minimal while still providing a private outdoor area. For an investor, the limited supply of new townhouse stock in Lilydale supports consistent rental demand, though yields for this type of property typically sit in the moderate range.
Several factors may influence the property’s value over time. Its small land size of 112 square metres limits scope for future extensions or significant outdoor use, which could affect appeal for buyers seeking more space. The single parking space may be a constraint for households with multiple vehicles. Being a rear-facing unit, it offers privacy but also means less street presence and potentially narrower access. The property’s value trajectory will depend partly on how comparable new developments in the area are priced and how the broader Lilydale market responds to new infill housing. Buyers should weigh these practical limitations against the benefit of owning a recently completed home with no immediate maintenance costs.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/22 Baker Street, Lilydale VIC 3140
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
Lilydale presents as a stable, family-oriented suburb with high owner-occupancy, underpinned by a professional demographic. Demand is driven by established households seeking long-term security, reflected in consistent sales activity. The market demonstrates solid capital appreciation for houses, with a more tempered trajectory for units, while rental yields remain attractive. Future growth is supported by sustained buyer interest, though a slightly extended sales period compared to peers suggests a measured market pace, with affordability for the dominant demographic a key consideration.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
112m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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