303/170 Manningham Road, Bulleen VIC 3105
303/170 Manningham Road, Bulleen VIC 3105
Upper-level apartment | Garnet complex | premium finishes | secure parking | Templestowe school zone
An upper-level apartment within the Garnet complex, this property is positioned with a noticeably higher standard of finish than much of Bulleen’s older apartment stock. Stone kitchen surfaces, Smeg appliances, floorboards, split-system heating and cooling, secure parking, and a storage cage are built into the offering. The location is best described as a transport-and-amenity corridor rather than a quiet enclave, with the Eastern Freeway, city-bound buses, Bulleen Plaza, and school catchments all close by. This combination is well matched to a downsizer seeking lock-and-leave convenience, a professional couple wanting easy city access, or an investor targeting reliable rental demand. A competitive edge is gained in a suburb where much of the apartment stock is older and more basic, because the secure, low-maintenance setting and premium contemporary finishes are rarely combined at this level.
Value may be affected by Manningham Road frontage and traffic exposure. A better outlook is likely from the upper-level setting, though aspect may vary. Modest growth is suggested by holding patterns, so the price case is best anchored by rental demand and low-maintenance appeal, both of which are supported by school catchments and transport. The price range might be narrowed or widened by how this unit compares with others in the building.
Detailed Independent Property Report prepared by PropCred Analyst team for 303/170 Manningham Road, Bulleen VIC 3105
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Bulleen is an established, family-oriented suburb in Melbourne’s north-east, characterised by a high proportion of detached housing and outright owners. Demand is primarily driven by owner-occupying families and downsizers, attracted by its quality school catchments and proximity to eastern employment hubs. Recent market conditions show resilient house prices with moderate growth, while the unit segment has experienced some softening. Future growth is underpinned by consistent rental demand and limited new supply, though high price points and interest rate sensitivity present affordability constraints for new entrants.
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PropCred Estimated Value
Comparable Sales: 205/170 Manningham Road sold for $570,000 in 2020 and 204/170 sold for $480,000 | Listed Price Band: $500,000-$600,000 | Value Indicator: premium finishes, secure parking, school catchment.
Bedrooms
2
Bathroom
2
Parking
2
Land
2933m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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