2/48 Omar Street, Maidstone VIC 3012

2/48 Omar Street, Maidstone VIC 3012
3 bed 3 bath townhouse | only two on block, no OC | opposite Medway Golf Club | rear position with land component A rare advantage is found in this rear townhouse, which is set on a block of only two with no owners corporation — a configuration not often seen in Maidstone. A house-like footprint is created by the three bathrooms and two-car parking, making it well suited to families and downsizers seeking privacy and minimal ongoing costs. The quiet, green-edge setting is provided by its position opposite Medway Golf Club and near the river trail. The exact land area and building age are not visible in the listing, and the absence of confirmed school zoning or a flood overlay status for the site may give a buyer pause. Nearby planning overlays suggest flood risk can be a factor in the area, so if the property is subject to such an overlay, that could influence insurance and future development comfort.
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/48 Omar Street, Maidstone VIC 3012
Checks found:
Value Risk ! 1
Liquidity Risk
Planning Risk 2
Income Risk 2
Execution Risk 2
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Market Insight

Maidstone, ~9km west of Melbourne’s CBD, is attracting young couples, investors, and first homebuyers, drawn to its mix of post-war homes, infill developments, new townhouses, and a growing café culture. House price estimates span $774,000–$898,000, with annual growth ranging from -0.58% to +2.3% across sources; units range $427,500–$655,000, with several measures in decline. Houses sit on the market for 43–97 days, and annual sales volume of 95–142 signals limited turnover. Gross rental yields are modest at 3.55% for houses and 4.89% for units, while median weekly rents are $610 and $550 respectively. Proximity to Highpoint and the Maribyrnong River supports demand, but longer selling times—up to 97 days—point to cautious buyer sentiment.
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PropCred Estimated Value

Comparable Sales: 27 Crefden Street $645,000; 2/4 Omar Street $625,000 | Property Price Band: $700K-$750K | Value Indicator: close to fair value

Bedrooms

3

Bathroom

3

Parking

1

Land

290m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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