4/136 Parker Street, Templestowe VIC 3106
4/136 Parker Street, Templestowe VIC 3106
4-bed townhouse, 3 bath, 2 car | Built 2024, not 1970 | Small 150m² lot, high site coverage | Family-oriented, school-zoned pocket | No overlays, quiet street
This townhouse holds a genuine edge for families who want the space of a four-bedroom home without the upkeep of a large block. The 2024 build means modern construction, new fixtures, and a layout that suits multi-generational households or those needing a dedicated home office. Floorboards, a deck, and an outdoor entertaining area lift the finish beyond standard spec, while the workshop adds practical storage rarely found in this product type. Positioned in a quiet part of Parker Street, it sits within walking reach of Templestowe Village and is zoned for Templestowe Heights Primary and Templestowe College, which anchors its appeal for buyers prioritising school access and a low-maintenance lifestyle. The two-storey configuration and three bathrooms make it particularly practical for growing families or downsizers who still want room for visitors.
The small 150m² land component is the main factor to weigh, as it limits future extension potential and keeps the property aligned with townhouse rather than house pricing. The mixed-age data across sources may create some uncertainty around the build date, though the project completion in 2024 suggests a near-new condition that should hold value well. The lack of flood, bushfire, or heritage overlays reduces insurance and compliance concerns, and the rental estimate of around $1,000 per week points to solid demand from family tenants. The price band may vary noticeably depending on how the market treats the land-to-building ratio, so a buyer should focus on the quality of the internal finish and the strength of the school catchment when forming a view.
|| Comparable Sales: 19/131 Parker Street sold $735,000; 18/123 Parker Street sold $606,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: Near-new condition, four-bedroom layout, school catchment, low-maintenance townhouse format
Detailed Independent Property Report prepared by PropCred Analyst team for 4/136 Parker Street, Templestowe VIC 3106
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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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: 19/131 Parker Street sold $735,000; 18/123 Parker Street sold $606,000 | Property Price Band: $1.1M–$1.2M | Value Drivers: Near-new condition, four-bedroom layout, school catchment, low-maintenance townhouse format
Bedrooms
4
Bathroom
3
Parking
2
Land
158m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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