213/51 Buckley Street, Noble Park VIC 3174
213/51 Buckley Street, Noble Park VIC 3174
2-bed 2nd-floor apartment | lift & secure entry | light-filled modern finishes | strong investor demand | station close
This second-floor apartment sits in a secure, lift-served complex with a genuinely low-maintenance layout. Modern finishes like floorboards, stone benchtops and split systems lift it above most Noble Park units. The station, shops, cafes and gyms are within easy walking distance, while active rental demand for two-bedroom units in the building, at roughly $530 to $570 per week, supports strong investor appeal. It is best suited to a first-home buyer or investor wanting a contemporary unit with solid yield, not a large family property with land.
The exact orientation may differ from a northwest-facing comparable, so natural light should be confirmed in person. Body corporate fees might reduce net yield, and the lack of private outdoor space could temper owner-occupier interest. The unit’s condition, floor level and aspect are likely to drive its value more than broader market moves.
Detailed Independent Property Report prepared by PropCred Analyst team for 213/51 Buckley Street, Noble Park VIC 3174
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Noble Park, in Greater Dandenong, is a family-oriented market with a 30–39 age cohort and strong community appeal attracting first-home buyers and investors. Median house prices sit near $830,000–$835,000 with annual growth of 6.3–7.9%; units are around $580,000–$583,000, up 5.5–8.0%. Houses transact in 27–71 days, yet annual sales volume has fallen 18.7%. Rental yields remain modest: houses 3.6–3.76%, units 4.4–4.7%. Demand is underpinned by affordability, 4.06% population growth since 2016, and established transport links. Constraints include household income trailing the Greater Melbourne average and longer listing times, signalling softer buyer conditions despite steady price growth.
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PropCred Estimated Value
Comparable Sales: 105/51 Buckley Street sold $735,000; 314/51 Buckley Street sold $295,000 | Listed Price Band: $350K–$450K | Value Indicator: floor level, modern finishes, rental yield
Bedrooms
2
Bathroom
1
Parking
1
Land
2539m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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