7/57-59 Buckley Street, Noble Park VIC 3174

7/57-59 Buckley Street, Noble Park VIC 3174
3 bed 1 bath 2 car unit | medium density Buckley Street pocket | strong rental demand profile | compact low maintenance living | shared title constraint The property is positioned within a well-established unit and townhouse pocket on Buckley Street, where compact living is the local norm. The three bedroom configuration is a practical edge over the more common two bedroom units in the corridor, and the two car spaces add genuine everyday convenience. It is best suited to first home buyers who want separation for a small family, or investors who want a straightforward rental proposition in a corridor with consistent demand. The low maintenance nature of the property is a real selling point, but it comes with the shared title exposure typical of this housing type. The property’s age may be reflected in maintenance expectations, so condition and presentation might influence value more than location. Capital growth may be limited by the lack of private land and the shared title structure, but strong rental demand might offset that. Buyers should weigh the condition of the unit and any shared repair obligations carefully, because those costs could affect the total outlay over the first few years. >> Comparable Sales: 1/57-59 Buckley Street sold $490,000; 4/176 Buckley Street sold $620,000 | Property Price Band: $400K-$500K | Value Drivers: condition, layout practicality, parking and rental appeal
Detailed Independent Property Report prepared  by PropCred Analyst team for 7/57-59 Buckley Street, Noble Park VIC 3174
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✓
Execution Risk ✓
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

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.
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat

PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

1

Land

103m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
WhatsApp
Copy link
URL has been copied successfully!
FbMessenger
WeChat