1/3 Albert Street, Mordialloc VIC 3195
1/3 Albert Street, Mordialloc VIC 3195
Four-bedroom family townhouse | Walk-everywhere bayside location | Two-level layout with study and retreat | Upper-end of Albert Street stock | Strong commuter and school appeal
This property holds a clear competitive edge in Mordialloc’s townhouse market. The four-bedroom, two-bathroom configuration with a study and retreat area is genuinely rare for a street where two- and three-bedroom units dominate. That extra space, combined with a ground-floor main bedroom and internal-access double garage, positions it as a family-oriented home rather than a compact investment unit. The leafy outlook and bay glimpses from the upper level add a coastal feel that many comparable townhouses lack. It serves best a buyer who wants the practicality of a house-style layout without the maintenance burden of a standalone property, while staying within walking distance of the beach, station, and shops.
The asking range places this townhouse at the premium end of Albert Street’s current stock, which may narrow the buyer pool slightly but also reflects its superior size and finish. Timber flooring, ducted vacuum, water tank, and three split-system units are inclusions that reduce immediate outlay for a new owner. The lack of confirmed land size and build year means value may hinge more on the internal condition and presentation than on land content. The street’s mix of older units and newer luxury builds creates uneven comparability, so a buyer should weigh how this property’s layout and finishes compare against both recent sales and active listings in the immediate area.
|| Comparable Sales: 93A Albert Street sold $1.26M (3-bed, 2-bath townhouse); 1/84 Albert Street sold $1.12M (4-bed, 2-bath townhouse) | Property Price Band: $1.2M–$1.3M | Value Drivers: Four-bedroom layout with study, premium finishes, walk-to-station location
Detailed Independent Property Report prepared by PropCred Analyst team for 1/3 Albert Street, Mordialloc VIC 3195
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
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: 93A Albert Street sold $1.26M (3-bed, 2-bath townhouse); 1/84 Albert Street sold $1.12M (4-bed, 2-bath townhouse) | Property Price Band: $1.2M–$1.3M | Value Drivers: Four-bedroom layout with study, premium finishes, walk-to-station location
Bedrooms
4
Bathroom
2
Parking
2
Land
371m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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