9/24 Golden Avenue, Bonbeach VIC 3196
9/24 Golden Avenue, Bonbeach VIC 3196
Single-level coastal unit | North-facing yard | 2-bedroom walk-to-beach format | Established low-maintenance stock | Investor and first-home appeal
This unit holds a genuine competitive edge in Bonbeach’s older unit market because of its single-level layout, north-facing front yard, and the rare combination of solar panels, hardwood floors, and a skylight within a compact footprint. It sits in a mature, tightly held pocket where most comparable stock is similar in age and form, so the presentation and low-maintenance angle matter more than land size. The walk-to-station, beach, and school positioning makes it a natural fit for first-home buyers entering the coastal corridor, downsizers wanting convenience without stairs, and investors chasing steady rental demand from tenants who value rail access and lifestyle amenity over internal space.
The value picture may hinge on how the older building envelope and shared unit parcel are perceived against newer infill stock nearby. Condition and presentation will likely drive buyer interest more than any structural rarity, since the layout is standard for the street and the carport is single rather than double. The solar panels and split-system cooling add practical appeal, but the bathroom and kitchen appear original in specification, which may limit upside for buyers expecting modern finishes. The backyard and shed offer functional outdoor space, yet the shared complex context could constrain renovation flexibility or private land control. Buyers should weigh the trade-off between coastal proximity and the limitations of an established unit format when forming a price view.
|| Comparable Sales: 17/18-22 Golden Avenue sold $716,000; 11/18-22 Golden Avenue listed $570,000–$610,000 | Property Price Band: $550,000–$650,000 | Value Drivers: north-facing yard, single-level layout, presentation and condition
Detailed Independent Property Report prepared by PropCred Analyst team for 9/24 Golden Avenue, Bonbeach VIC 3196
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
The suburb’s median house price is $1.15M, up 12.2–12.4% yearly, with 45–71 days on market. Units trail at $725–750k, growing 5.5% but down 6% quarterly. Annual house sales of 58–96 point to scarce supply driving competition. Gross yields are 3.2% for houses, 4.1% for units; weekly rents $695 and $572–575. Affordability and unit-market softness are the key risks, with price momentum dependent on continued listing constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 17/18-22 Golden Avenue sold $716,000; 11/18-22 Golden Avenue listed $570,000–$610,000 | Property Price Band: $550,000–$650,000 | Value Drivers: north-facing yard, single-level layout, presentation and condition
Bedrooms
2
Bathroom
1
Parking
1
Land
1832m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!