6/18 John Street, Mordialloc VIC 3195
6/18 John Street, Mordialloc VIC 3195
2 bed unit | 1 bath 1 car | sold 2014 | mixed low-rise street | long-term owner hold
This unit sits in a quiet, mixed residential pocket of Mordialloc where older apartment stock meets larger family homes and townhouse redevelopment sites. For a buyer wanting a low-maintenance foothold near the beach and local eateries, this 2/1/1 configuration is practical and competitively priced against the street’s higher-value house product. The complex shows strong owner-occupier tenure, with residents staying on average over twenty years, which points to a stable, neighbourly environment rather than a transient investor block. It suits first-home buyers or downsizers who value location and simplicity over space or premium finishes.
The property’s value may be shaped by its older building age and the lack of any standout amenity or modern interior upgrades. Floor level and orientation are unverified, so natural light and outlook could vary and should be checked in person. The street’s mix of older units and newer townhouses means price perception depends heavily on presentation and condition. A buyer might find opportunity in updating the interior to lift appeal, while the absence of recent sales in the complex itself leaves some uncertainty around precise market positioning.
|| Comparable Sales: 2/18 John Street sold around $480k; 8/18 John Street sold around $445k | Property Price Band: $450k–$550k | Value Drivers: interior condition, floor level, street position within complex
Detailed Independent Property Report prepared by PropCred Analyst team for 6/18 John Street, Mordialloc VIC 3195
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Mordialloc, a bayside suburb 24km southeast of Melbourne, trades on its marina, beaches and Main Street café strip. Demand is lifestyle-driven, with the unit market outperforming houses: median unit price is $697,500–$727,500, with annual growth of 3.9%–8.6%, while houses range from $1.355M–$1.405M, with growth of 1.8%–6.5%. Units spend 38 days on market versus 43–48 for houses, and deliver 4.0–4.2% gross rental yields against 2.82% for houses. Weekly rents are $725–$834 for houses and $560–$600 for units. The tighter unit market and superior yield suggest investor and lifestyle demand converging on compact stock, while house pricing reflects a mature, slower-appreciating segment.
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PropCred Estimated Value
Comparable Sales: 2/18 John Street sold around $480k; 8/18 John Street sold around $445k | Property Price Band: $450k–$550k | Value Drivers: interior condition, floor level, street position within complex
Bedrooms
2
Bathroom
1
Parking
1
Land
914m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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