4/10-12 Aenone Avenue, Noble Park VIC 3174
4/10-12 Aenone Avenue, Noble Park VIC 3174
2-bed unit on 221m² | school catchment | mid-range pricing | yield-friendly | low-maintenance
This unit holds a clear competitive edge through its generous 221m² site, which is uncommon for a two-bedroom apartment-style dwelling and offers private outdoor space that most comparable units lack. Positioned within walking distance of Wallarano Primary School and a short drive to Keysborough Secondary College, it suits families seeking school access without the maintenance burden of a house. The configuration also appeals strongly to first-home buyers and investors, as compact dwellings in this suburb consistently demonstrate tighter rental demand and higher yield potential than detached housing. Pricing sits comfortably within the established local band for this property type, meaning resale interest should remain steady rather than niche.
Value may be influenced by the building’s presentation and internal condition, as no details on finishes or upgrades are available to confirm whether it competes at the top or middle of its price range. The unit’s orientation and floor level might affect natural light and privacy, which buyers often weigh heavily in low-rise complexes. Rental income potential appears solid, but the absence of communal amenities like a pool or gym could limit appeal to lifestyle-focused renters. Buyers should inspect for any strata fees or building maintenance obligations, as these could modestly affect ongoing costs and yield calculations.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/10-12 Aenone Avenue, Noble Park VIC 3174
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
1
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Market Insight
Noble Park, in Greater Dandenong, is a family-oriented market with a 30–39 age cohort and strong community appeal attracting first-home buyers and investors. Median house prices sit near $830,000–$835,000 with annual growth of 6.3–7.9%; units are around $580,000–$583,000, up 5.5–8.0%. Houses transact in 27–71 days, yet annual sales volume has fallen 18.7%. Rental yields remain modest: houses 3.6–3.76%, units 4.4–4.7%. Demand is underpinned by affordability, 4.06% population growth since 2016, and established transport links. Constraints include household income trailing the Greater Melbourne average and longer listing times, signalling softer buyer conditions despite steady price growth.
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PropCred Estimated Value
Comparable Sales: 2/14 Aenone Avenue sold circa $539k; 2/397-399 Princes Highway around $490k–$530k | Property Price Band: $500k–$600k | Value Drivers: land size, school catchment, rental yield potential
Bedrooms
2
Bathroom
1
Parking
1
Land
221m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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