18/117 Plenty Road, Bundoora VIC 3083
18/117 Plenty Road, Bundoora VIC 3083
Single-level villa on 283m² | 2-bed, 1-bath compact footprint | Close to tram, uni, and shops | Strong rental demand from investors and downsizers | Quiet pocket off a busy corridor
This unit holds a genuine edge for buyers wanting low-maintenance, single-level living without leaving the convenience of Bundoora’s main transport and retail spine. The 283m² lot is modest but functional, and the 97m² internal layout suits a downsizer, first-home buyer, or investor seeking steady rental return. Its position within a small, established estate—described as quiet and garden-oriented—softens the busy-road address, and the mix of owner-occupiers and investors in the complex suggests a stable, well-kept environment. For someone prioritising tram access, proximity to RMIT and La Trobe, and easy M80 connectivity, this is a practical, low-fuss option that competes well against larger, pricier houses in the suburb.
Value may be shaped by the dated finishes, as only built-in robes and heating are confirmed, so condition and presentation will likely drive buyer interest more than land size. Parking appears limited to one space, which might narrow appeal for households with two cars. The lack of cooling or updated kitchen and bathroom could also influence how the price compares to recently refreshed units nearby. Buyers should weigh the cost of minor upgrades against the convenience and rental potential, but the compact format and established setting provide a solid baseline.
|| Comparable Sales: 11/117 Plenty Road sold $576,000, 28/117 Plenty Road sold $565,000 | Property Price Band: $550K–$650K | Value Drivers: condition, single-level layout, proximity to transport and universities
Detailed Independent Property Report prepared by PropCred Analyst team for 18/117 Plenty Road, Bundoora VIC 3083
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
Execution Risk
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Market Insight
This suburb is an established family market with high owner-occupancy, indicating demand from owner-occupiers rather than investors. House prices range from $855,000 to $900,000, with annual growth between 0.8% and 4.4%; units are softer at $426,000–$515,000, with growth from –2.7% to 3.0%. Days on market span 26 to 56, and annual house sales of roughly 340–370 point to a liquid but uneven market. Rents are steady: houses at $590–$600 per week, units at $500, yielding 3.4%–3.7% for houses and about 5% for units. Future growth depends on sustained owner-occupier demand; affordability at current house prices and the weak unit segment are the main constraints.
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PropCred Estimated Value
Comparable Sales: 11/117 Plenty Road sold $576,000, 28/117 Plenty Road sold $565,000 | Property Price Band: $550K–$650K | Value Drivers: condition, single-level layout, proximity to transport and universities
Bedrooms
2
Bathroom
1
Parking
-
Land
283m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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