8/3 Mentone Parade, Mentone VIC 3194

8/3 Mentone Parade, Mentone VIC 3194
3-bed 3-bath townhouse | rooftop terrace with built-in BBQ | heritage overlay | premium beachside pocket | downsizer appeal This townhouse is distinguished by its generous internal and outdoor space, with five balconies, a ground-floor courtyard, and a 90 sqm rooftop terrace that is rare in this market. The Peddle Thorpe design and Miele-appointed kitchen place it above standard attached housing in the suburb, making it a competitive choice for buyers seeking designer finishes without a detached house. The property is best suited to downsizers and professional couples who value secure parking, walkability to the beach and village, and access to respected schools. Its scale and amenity give it a lifestyle character that typical Mentone apartments do not offer, and the heritage overlay adds a sense of place rather than a simple constraint. The value of this property may be influenced by the heritage overlay, which could limit external alterations and add compliance requirements. Large outdoor areas and the rooftop terrace might attract a specific buyer willing to pay a premium, while the three-bedroom configuration with three bathrooms could appeal to those wanting guest accommodation. Market conditions and buyer demand in the beachside precinct may also shape final price, as could the condition of the redevelopment after several years of ownership. Weighing these factors is important when forming a view on value.
Detailed Independent Property Report prepared  by PropCred Analyst team for 8/3 Mentone Parade, Mentone VIC 3194
Checks found:
Value Risk ✕ 2
Liquidity Risk ✓
Planning Risk ✕ 2
Income Risk ! 1
Execution Risk ✕ 2
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Market Insight

Mentone, VIC 3194, is a bayside suburb on the Frankston line, 35 minutes from the CBD. Demand is led by owner-occupier families and professionals, attracted to strong school catchments, beaches, and Westfield Southland. House prices range from $1.22m to $1.5m, with annual growth between -2.9% and +2.4%, indicating a steady but interest-rate-sensitive market. Units show stronger momentum: up to 15.9% annual growth and 4.1% gross yields. Houses take 37–46 days to sell, with volumes down 6% to around 173. Auction clearance is 57.4%, off 10.9%. Future growth is supported by a boomscore of 67 and solid rental demand, but affordability is the key constraint—house medians exceed the metro median of $974,000.
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PropCred Estimated Value

Comparable Sales: 8/3 Mentone Parade sold $1.893M in 2018 | Property Price Band: $1.8M-$1.9M | Value Drivers: rooftop terrace, designer finishes, heritage character

Bedrooms

3

Bathroom

3

Parking

2

Land

1.21 acres

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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