2/30 Milne Street, Templestowe VIC 3106
2/30 Milne Street, Templestowe VIC 3106
3-bed townhouse | 141 m² floor plan | established Templestowe pocket | owner-occupied street | entry-to-mid price tier
This townhouse sits in a genuinely practical position within Templestowe’s market. The 141 m² floor area is generous for a 3-bedroom townhouse, giving it more internal presence than many comparable units in the eastern suburbs. With three bedrooms, one bathroom, and a single car space, it’s a compact but workable layout that suits first-home buyers stepping up from apartments, downsizers leaving larger family houses, or young families wanting a foothold in a well-regarded school catchment area. The street itself shows a stable, long-term ownership profile, which usually means quieter neighbourhood dynamics and better maintained surrounds. That stability, combined with the suburb’s established reputation, makes this a property that should hold its position in the market without dramatic swings.
The main value considerations here are the single bathroom and the lack of confirmed land size. A 3-bedroom townhouse with only one bathroom can limit appeal for families who might otherwise consider it, and that could narrow the buyer pool slightly. The price point, however, sits below much of Templestowe’s detached housing stock, which may attract buyers priced out of houses but unwilling to compromise on suburb. The floor area is a genuine positive, but the property’s final value may hinge on how the internal condition and presentation compare to other townhouses in the immediate area. Rental demand appears moderate, with yields in the mid-3% range, so investor interest may be secondary to owner-occupier demand. The lack of confirmed build year or renovation history means buyers should factor in potential maintenance costs when forming their view on price.
|| Comparable Sales: 1/3 Milne Street sold September 2025 for $860,000 | Property Price Band: $800K–$900K | Value Drivers: floor area, street stability, three-bedroom configuration
Detailed Independent Property Report prepared by PropCred Analyst team for 2/30 Milne Street, Templestowe VIC 3106
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Templestowe sits in Melbourne’s Manningham East as a family-dominated market: most residents are outright owners of detached houses, with a notable older cohort. Strong school catchments and family-oriented living drive demand; investors target units for gross yields near 4%. Recent house medians cluster around $1.6m ($1.564m–$1.719m), with annual growth between -7.1% and +7%, indicating softening despite intermittent gains. Unit medians sit near $912,500, with growth flat to slightly negative. Houses average 41–54 days on market; annual sales volume is roughly 196–218. Future growth relies on family appeal and proximity to Melbourne’s infrastructure, but high entry prices constrain affordability, and rate sensitivity has triggered negative cycles.
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PropCred Estimated Value
Comparable Sales: 1/3 Milne Street sold September 2025 for $860,000 | Property Price Band: $800K–$900K | Value Drivers: floor area, street stability, three-bedroom configuration
Bedrooms
3
Bathroom
1
Parking
1
Land
141m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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