201/365 Cotham Road, Kew VIC 3101
201/365 Cotham Road, Kew VIC 3101
Penthouse-style apartment | 3 bed, 3 bath, 3 car | boutique 10-residence building | premium finishes throughout | blue-chip Kew pocket
What makes this property genuinely rare is the combination of scale and specification within a boutique low-rise setting. A three-car allocation alone is uncommon for apartment living, and when paired with a 272-bottle wine display, quartzite surfaces, engineered oak floors, and individual room climate controls, the finish level sits well above typical Kew apartment stock. The penthouse configuration with its own southern wing and oversized study gives it a house-like feel, which suits downsizers from large family homes who want to retain space and comfort without the garden maintenance. It also appeals to affluent owner-occupiers prioritising school access and prestige positioning, as the location near Kew Junction and tram routes adds everyday practicality to the exclusivity.
The pricing dynamics here are shaped by how the market values premium apartments in a suburb dominated by detached houses. The internal benchmark from the development itself suggests a broad luxury range, and the penthouse tier sits at the top of that spectrum, which may limit buyer pool compared to lower-floor residences. The under-construction status introduces some uncertainty around completion timing, though that is typical for new builds. Buyers should weigh the benefit of brand-new finishes and warranty cover against the premium paid for penthouse status, and consider whether the southern wing layout and outlook justify the step up from other three-bedroom options in the same building.
|| Comparable Sales: G03/369 Cotham Road sold $1.9M–$2.1M range, 101/365 Cotham Road listed $1.75M–$1.9M | Property Price Band: $3.9M–$4.0M | Value Drivers: penthouse rarity, three-car parking, premium finish package, school catchment access
Detailed Independent Property Report prepared by PropCred Analyst team for 201/365 Cotham Road, Kew VIC 3101
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Kew remains a premium inner-east Melbourne market, with a median house price of $2.779 million and units at $935,000. House prices slipped 1.1% over the past year, while units rose 1.63%, reflecting softer demand at the top end. Houses sell in a median 33 days. Demand is driven by affluent families and professionals, drawn by school catchments and transport links; 41% of mortgaged owners and household incomes well above the Greater Melbourne average support serviceability. Gross rental yields are thin for houses at 2.05%, but units offer 3.55%. Future growth hinges on ongoing population pressure and infrastructure, with a forecast trajectory toward a $2.5 million median by 2026. Key risks include interest-rate sensitivity, affordability constraints, and supply-demand imbalances that could trigger pricing adjustments.
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PropCred Estimated Value
Comparable Sales: G03/369 Cotham Road sold $1.9M–$2.1M range, 101/365 Cotham Road listed $1.75M–$1.9M | Property Price Band: $3.9M–$4.0M | Value Drivers: penthouse rarity, three-car parking, premium finish package, school catchment access
Bedrooms
3
Bathroom
3
Parking
3
Land
1259m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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