68 Hanna Street, Noble Park VIC 3174
68 Hanna Street, Noble Park VIC 3174
Station-front townhouse | quality finishes throughout | compact low-maintenance footprint | strong commuter and investor appeal | positioned in Noble Park’s infill corridor
What stands out here is the location and the format working together. Being directly opposite Yarraman Station gives this property a convenience edge that most houses in Noble Park simply don’t have, and that translates into consistent demand from buyers who prioritise a short walk to the train over a large backyard. The presentation is described as meticulous, with quality finishes that suggest it’s been looked after rather than left to age. That matters because in this pocket, where much of the stock is older or more basic, a well-finished townhouse stands out. It suits first-home buyers wanting to step onto the ladder without taking on renovation work, professionals who need the rail link, and investors who can see the rental appeal of a low-maintenance property near transport. The compact size is a feature, not a flaw, for that buyer group.
The main factor that might shape value is the land size, which is likely to be small given the townhouse format, and that caps the upside compared to a detached house on a full block. The station proximity, while a plus for convenience, can also bring noise and foot traffic, so the internal layout and insulation may matter more than usual. The broader street is seeing ongoing townhouse development, which supports the area’s renewal but also means supply is increasing, so resale competition could come from newer stock. Condition and presentation are probably the strongest levers here, since a property that shows well in this corridor tends to hold its position better than one that needs work.
|| Comparable Sales: 78 Hanna Street sold Dec 2019 for $570,500; 4/34-42 Hanna Street valued near $539,000 | Property Price Band: $600,000–$700,000 | Value Drivers: condition, station proximity, low-maintenance layout
Detailed Independent Property Report prepared by PropCred Analyst team for 68 Hanna Street, Noble Park VIC 3174
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Noble Park, in Greater Dandenong, is a family-oriented market with a 30–39 age cohort and strong community appeal attracting first-home buyers and investors. Median house prices sit near $830,000–$835,000 with annual growth of 6.3–7.9%; units are around $580,000–$583,000, up 5.5–8.0%. Houses transact in 27–71 days, yet annual sales volume has fallen 18.7%. Rental yields remain modest: houses 3.6–3.76%, units 4.4–4.7%. Demand is underpinned by affordability, 4.06% population growth since 2016, and established transport links. Constraints include household income trailing the Greater Melbourne average and longer listing times, signalling softer buyer conditions despite steady price growth.
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PropCred Estimated Value
Comparable Sales: 78 Hanna Street sold Dec 2019 for $570,500; 4/34-42 Hanna Street valued near $539,000 | Property Price Band: $600,000–$700,000 | Value Drivers: condition, station proximity, low-maintenance layout
Bedrooms
3
Bathroom
3
Parking
2
Land
92m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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