2/1 Corbie Street, Bentleigh VIC 3204
2/1 Corbie Street, Bentleigh VIC 3204
Low-rise apartment in social housing complex | 49 units over 4 levels | Compact functional layouts | Strong rental demand in Bentleigh | School catchment potential unverified
This property sits within a known 49-apartment complex built under the Social Housing Initiative, which shapes its character as functional, compact accommodation rather than premium stock. For a prospective buyer, this means reasonable entry pricing into Bentleigh’s unit market, where apartments trade well below the suburb’s detached houses. The location serves entry-level owner-occupiers, downsizers, and investors seeking steady rental income, given the area’s solid tenant demand near transport and Centre Road retail. The 4-level configuration suggests a manageable building scale, and the social housing origin implies durable construction standards, though internal finishes are likely modest.
Value may be influenced by the unit’s floor level, orientation, and layout efficiency, which are unconfirmed but could differentiate it from others in the complex. Parking and storage availability might also affect appeal, as could the building’s management quality and any owner-occupier mix. School catchment proximity to McKinnon Secondary College is a positive possibility but remains unverified, so buyers should weigh that uncertainty. Rental yield potential appears supportive, but the social housing context could limit capital growth compared to freehold houses.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/1 Corbie Street, Bentleigh VIC 3204
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Bentleigh is family-oriented, with incomes 19% above Greater Melbourne and strong transport links driving demand. House values are $1.74–$1.8m, up 7.4% annually, though quarterly growth slowed to 2.03%. Units are $650k–$934k, flat annually, with a sharp −23.1% quarterly fall. Houses take 40–48 days to sell (units: 37); auction clearance dropped 19.5 pts to 60.5%, signalling a cooling market. Rental demand is steady—house rents up 5.7%, units up 3.4%—but yields are modest (houses 2.61%, units 4.13%). Over 178 houses sell annually, yet affordability and rate sensitivity are constraints, shown by slower turnover and lower clearance.
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PropCred Estimated Value
Comparable Sales: 21 Campbell Street sold $1.52M (house, 745m²) | 20 Fromer Street listed $1.6M+ (house) | Property Price Band: $500K–$600K | Value Drivers: Floor level, layout efficiency, parking availability, rental yield potential
Bedrooms
3
Bathroom
2
Parking
2
Land
148m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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