29/48 Eucalyptus Drive, Maidstone VIC 3012
29/48 Eucalyptus Drive, Maidstone VIC 3012
2-bed unit | same-street sales $357k–$420k | strong rental yield | modern finishes | flood overlay nearby
This unit sits within a planned apartment estate that consistently attracts first-home buyers, downsizers, and investors. Its configuration—two bedrooms, one bathroom, one car space—matches the most common and liquid stock type in the area, meaning it will appeal to a broad buyer pool. The modern kitchen with stainless steel appliances, built-in robes, open-plan living, and secure entry are standard but well-regarded features that support comfortable, low-maintenance living. Ground-floor units with private courtyards tend to perform best, so if this lot includes outdoor space, that would strengthen its position further. The location near Highpoint Shopping Centre, parklands, and bus connections to Footscray Station adds everyday convenience without the premium of a CBD address.
The property’s value may be influenced by its exact floor level and aspect, which are not confirmed. Upper-floor units in this estate may offer better light and privacy, while ground-floor units benefit from outdoor access—each appeals to different buyers. The presence of a flood overlay on the broader address record could affect insurance costs and lender appetite, though this may not apply to the unit itself. The asking range sits at the entry-to-mid level for the suburb, making it accessible, but competition from similar units in the same complex means presentation and any unique features—like a study nook or upgraded finishes—could be decisive in achieving a stronger price.
Detailed Independent Property Report prepared by PropCred Analyst team for 29/48 Eucalyptus Drive, Maidstone VIC 3012
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Maidstone, ~9km west of Melbourne’s CBD, is attracting young couples, investors, and first homebuyers, drawn to its mix of post-war homes, infill developments, new townhouses, and a growing café culture. House price estimates span $774,000–$898,000, with annual growth ranging from -0.58% to +2.3% across sources; units range $427,500–$655,000, with several measures in decline. Houses sit on the market for 43–97 days, and annual sales volume of 95–142 signals limited turnover. Gross rental yields are modest at 3.55% for houses and 4.89% for units, while median weekly rents are $610 and $550 respectively. Proximity to Highpoint and the Maribyrnong River supports demand, but longer selling times—up to 97 days—point to cautious buyer sentiment.
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PropCred Estimated Value
Comparable Sales: 28/48 sold $357k; 30/48 sold $415k | Property Price Band: $360k–$420k | Value Drivers: floor level, outdoor space, condition, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
1.51 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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