2/31 Bourke Street, Mentone VIC 3194

2/31 Bourke Street, Mentone VIC 3194
2/2/2 single-level villa | private yard with deck | internal-access double garage | Bayside downsizer magnet | Mentone village walkability A genuinely uncommon combination is offered in Mentone’s attached-dwelling market: two full bedrooms, two bathrooms, and a private rear yard with deck and lawn are provided in a compact single-level footprint. The property is lifted above typical villa product by an oversized remote double garage with internal access. A small-house feel is delivered without the land upkeep, suiting downsizers in the Bayside corridor and professional couples near the village, station, and foreshore. Broad owner-occupier appeal is supported by contemporary presentation and ducted heating and cooling. Value may be influenced by unconfirmed orientation, which affects natural light. The small footprint might limit land-leveraged growth, though the single-level layout and internal-access garage could command a downsizer premium. School catchments may broaden or narrow the buyer field, and the outdoor space might appeal more to owner-occupiers than investors. >> Comparable Sales: 5/22-24 Bourke Street 2-bed unit Jan 2026 at $880K; 3/26 Bourke Street 1-bed villa Jun 2025 at $720K | Property Price Band: $900K–$1.0M | Value Drivers: single-level layout, private outdoor space, double-garage internal access
Detailed Independent Property Report prepared  by PropCred Analyst team for 2/31 Bourke Street, Mentone VIC 3194
Checks found:
Value Risk ✓
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✓
Execution Risk ! 1
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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

Bedrooms

2

Bathroom

2

Parking

2

Land

205m²

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