1/55 Kooyong Road, Armadale VIC 3143
1/55 Kooyong Road, Armadale VIC 3143
Single-level front townhouse | North-facing private garden | Long owner-occupier tenure | 3-bed 2-bath 2-car on 273m²
This townhouse holds a genuinely rare position in Armadale, where most stock is apartments or higher-density units. A single-level, front-facing configuration with a private garden and open fireplace offers the feel of a house without the maintenance burden, which is precisely what downsizers and professional couples seek in this pocket. The north aspect maximises natural light across the living areas, and the boutique development’s long average tenure signals low turnover and a stable, owner-occupier character. It is best suited to buyers prioritising immediate comfort, walkability to High Street and Armadale Station, and a lock-and-leave lifestyle that still feels substantial.
The sale price may be shaped by how the market weighs the townhouse’s superior configuration against its lack of recent renovation compared to some neighbours. Its 273m² land size and two-car parking are practical advantages that often command a premium, but the single-level format could limit appeal for families needing more flexible space. The absence of heritage or flood overlays reduces compliance risk, while the strong school zoning adds a layer of demand. Buyers should consider that similar configurations in the development have transacted at higher levels recently, suggesting the price band is supported by scarcity rather than speculation.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/55 Kooyong Road, Armadale VIC 3143
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Armadale remains a tightly held inner-city market, with units comprising roughly 75% of its housing stock. Demand is driven by affluent professionals aged 30–39, whose high household incomes underpin a premium price point. House prices have softened, with medians near $2.34–$2.35 million and annual falls of 4.0–5.65%; units have corrected harder, down 4.9–9.6% to about $665,000. House selling times compressed to 54 days, down 36.5% year-on-year, but unit days on market stretched to 88, up 22.2%. Clearance rates are fragile at 53.7%, down 26.5%, pointing to patchy buyer demand. Rental performance provides some support: median house rents are $1,100 per week, up 15.8%, while unit yields sit near 4.5%, although one source puts all-residential yield at 3.77%. Sales volumes remain thin at roughly 80–97 house transactions annually, complicating price discovery. No clear near-term growth drivers emerge; the dominant constraints are affordability stress, negative annual appreciation, weak clearance momentum, and rising unit inventory.
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PropCred Estimated Value
Comparable Sales: 3/55–59 Kooyong Rd sold $1.57M in May 2024; 6/55–59 Kooyong Rd sold $1.4M in 2016 | Property Price Band: $1.3M–$1.4M | Value Drivers: single-level north-facing layout, private garden, 2-car parking, low-maintenance condition
Bedrooms
3
Bathroom
2
Parking
2
Land
273m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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