2/72 Bishop Street, Yarraville VIC 3013
2/72 Bishop Street, Yarraville VIC 3013
Compact 2-bed townhouse | strong primary school zone | inner-west entry price point | low-maintenance format | suited to owner-occupiers
This townhouse holds a genuine competitive edge in Yarraville because it offers a rare combination of compact modern living and immediate school access. With two bathrooms and a single parking space, it suits buyers who want the suburb’s lifestyle without the upkeep of a larger house. The 83 m² internal area is efficient rather than spacious, which makes it ideal for first-home buyers, downsizers, or professionals seeking a lock-and-leave option. Its placement in the Kingsville Primary School catchment adds real appeal for young families, and the strong owner-occupier character of Bishop Street suggests a stable, well-kept neighbourhood. This property serves buyers prioritising location and convenience over land size.
The value picture may be shaped by the absence of confirmed details on build quality, orientation, and finishes. A townhouse of this size typically appeals to a narrower buyer pool than detached houses, which might limit bidding competition. However, its position in a high-demand school zone and the broader strength of Yarraville’s market could support interest from both owner-occupiers and investors. The 2019 sale history offers a reference point, but market movement since then means current pricing should be weighed against recent townhouse transactions in the immediate area. Buyers should inspect closely to assess natural light, storage, and outdoor space, as these factors may influence how the property compares to alternatives.
|| Comparable Sales: 19 Regent Street sold $1.32M (larger house, 312m² land) | 3 Urwin Street valued near $1.02M (2-bed house, 446m² lot) | Property Price Band: $650K–$750K | Value Drivers: school catchment, low-maintenance format, compact internal layout
Detailed Independent Property Report prepared by PropCred Analyst team for 2/72 Bishop Street, Yarraville VIC 3013
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Yarraville is a sought-after inner-west suburb, attracting young professionals and small families seeking a vibrant lifestyle with city proximity. This demographic drives stable demand, reflected in a resilient house market, though high prices present an affordability constraint. Units offer a more accessible entry point with recent divergent price trends, indicating a nuanced market. Future growth is underpinned by its established appeal, yet the premium pricing and variable unit performance require careful consideration.
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PropCred Estimated Value
Comparable Sales: 19 Regent Street sold $1.32M (larger house, 312m² land) | 3 Urwin Street valued near $1.02M (2-bed house, 446m² lot) | Property Price Band: $650K–$750K | Value Drivers: school catchment, low-maintenance format, compact internal layout
Bedrooms
2
Bathroom
2
Parking
1
Land
83m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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