4/148 Cuthbert Street, Broadmeadows VIC 3047
4/148 Cuthbert Street, Broadmeadows VIC 3047
2-bed townhouse | leased to 2026 | 126 m² modern | near station | investment
The property is considered well suited to the current demand for compact, transit-oriented housing. A lease is held through to October 2026, which provides a reliable income stream for investors. The modern kitchen and open-plan layout are presented as low-maintenance finishes, appealing to first-home buyers or downsizers. Within a street of mostly older detached homes, this townhouse is positioned as a more efficient housing format that aligns with the area’s shift toward infill living.
Value may be affected by the compact two-bedroom format, which might limit family appeal. The lease to 2026 is regarded as providing stability, but rental market shifts or maintenance costs may impact net returns. Single bathroom and one-car garage are considered typical for this type, so price performance is understood to depend on location quality and presentation.
>> Comparable Sales: 49 Cuthbert Street sold at $642k; 86 Cuthbert Street sold at $600k | Property Price Band: $550K–$650K | Value Drivers: station proximity, leased income, modern finish
Detailed Independent Property Report prepared by PropCred Analyst team for 4/148 Cuthbert Street, Broadmeadows VIC 3047
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Broadmeadows is a working-class northern Melbourne suburb anchored by Broadmeadows station on the Craigieburn line and Hume Freeway access, with demand driven by yield-focused investors and labourer-dominant buyers on moderate household incomes. House prices have risen 7.6–10.3% over the past year to a median of $617,000–$640,000, while units grew 9–15.3% to $455,000–$510,000, supported by stable gross rental yields of 4–4.1% for houses and 5–5.3% for units. Stock turns at 169–191 house sales annually, and properties sit on market 29–69 days, indicating active but variable conditions. Future growth leans on rail precinct upgrades and steady rental demand, with median house rents at $480–$513 weekly and units at $480–$493. Key constraints are affordability: a $640,000 median house against $1,155 weekly household income limits first-home entry, while unit sales fell 31.4% and 29–69 day marketing times leave prices sensitive to interest-rate shifts.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
126m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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