2/4 Dunsterville Street, Sandringham VIC 3191
2/4 Dunsterville Street, Sandringham VIC 3191
3-bed unit on 225m² | Sold $1.362M Mar 2025 | Bayside Sandringham | Compact footprint, strong family layout | School-catchment appeal
This unit holds a clear competitive edge in Sandringham’s market: three bedrooms with two bathrooms and two car spaces on a manageable 225m² site is a configuration that suits downsizers seeking low-maintenance bayside living without sacrificing space, or young families wanting a foothold in a premium suburb. The sale price aligns with the suburb’s established value for well-configured units, and the property’s appeal rests on practical layout and location rather than land speculation. It serves best the buyer who prioritises immediate liveability, school access, and coastal amenity over renovation potential or land banking.
The 225m² footprint may limit future extension options, and the value might hinge on internal condition, privacy between neighbours, and how the parking and outdoor areas function day-to-day. Buyers should weigh whether the compact site offsets the convenience of being in a sought-after school catchment and bayside precinct. The absence of a confirmed build year or finish level means inspection should focus on structural integrity and update needs, as these could shift the price expectation by a meaningful margin.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/4 Dunsterville Street, Sandringham VIC 3191
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Sandringham is a premium bayside suburb with direct rail to the CBD; median house prices sit around $2.1 million and units near $725,000. Annual house growth is subdued (from -2.3% to 2.1%); unit growth varies from -6.9% to 2.2%. Demand is driven by affluent families and professionals seeking beachfront lifestyle, strong schools, and commuter access; owner-occupiers dominate. Sales volumes are moderate at 94-120 houses annually, with houses taking 49-70 days to sell. Rental yields are thin for houses at 2.8-3.3%, but units return 4.5-5.2%. Future growth relies on lifestyle appeal and school quality, though affordability constraints, rate sensitivity (auction clearance 44.9%), and limited supply temper upside.
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PropCred Estimated Value
Comparable Sales: 15 Dunsterville St 4-bed house ~$2.1M; 220 Bluff Rd 2-bed house sold $1.01M in 2017 | Property Price Band: $1.3M–$1.4M | Value Drivers: 3-bed unit rarity, 225m² land, school catchment proximity, parking provision
Bedrooms
3
Bathroom
2
Parking
2
Land
252m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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