205/187 Reynolds Road, Doncaster East VIC 3109
205/187 Reynolds Road, Doncaster East VIC 3109
2-bed apartment with study | ~120 sqm internal | leafy Doncaster East complex | townhouse-scale format | premium finishes throughout
The apartment is defined by a spacious two-bedroom layout with a separate study and two full bathrooms, a floor plan rarely found in suburban apartment stock. At around 120 square metres internally, it reads like a compact townhouse, with open-plan living, a large balcony, and secure parking. The building is positioned in the leafy Reynolds Road corridor of Doncaster East, near The Pines Shopping Centre, parkland, and well-regarded schools. This combination suits first home buyers, professionals working from home, and downsizers who want space. The interior is lifted by stone benchtops, European appliances, and hardwood floors.
The exact aspect and floor level may be influential on light and outlook, and Reynolds Road is a busy corridor, so some traffic noise might be experienced on the balcony. Competition from similar apartments may be increased by newer development over time. Value may also be shaped by finish condition and whether the study functions as a true third room.
Detailed Independent Property Report prepared by PropCred Analyst team for 205/187 Reynolds Road, Doncaster East VIC 3109
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
Doncaster East presents as a premium, established family market, with a clear divergence between houses and units. The median house price is $1.61m, showing 1.8% annual growth; units sit at $853,000, up 1.6% on one measure but down between 4.9% and 10.4% on others. Demand is driven by high-income households and strengthening rental conditions, with house rents up 4.0–4.3% and unit rents up 3.4–13.6% over the past year. A 2.7% house rental yield points to owner-occupier rather than investor weight. Sales activity is moderate, at roughly 350–400 house transactions annually, but clearance rates have declined, and the softer unit market is the main constraint. Future growth rests on continued rental demand and scarce house supply, while affordability pressure at the top end remains the key limiting factor.
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PropCred Estimated Value
Comparable Sales: 17/207-209 Reynolds Road sold for $675,000 in November 2023 | Property Price Band: $500,000–$600,000 | Value Drivers: spacious layout, study flexibility, premium finishes
Bedrooms
2
Bathroom
2
Parking
1
Land
3336m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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