436/20 Shamrock Street, Abbotsford VIC 3067
436/20 Shamrock Street, Abbotsford VIC 3067
2 bed 2 bath 2 car | 2016 build | Yarra-edge apartments | Owner-occupier and investor demand
The unit holds a clear competitive edge through its two car spaces and two bathrooms, a combination that is uncommon in the local apartment market. The modern 2016 construction and access to a full amenity set including a pool, gym, and secure entry make it more appealing than older stock in the immediate area. This property serves downsizers and professional couples particularly well, as it provides the convenience of an inner-city address without compromising on parking and internal comfort. The location along the Yarra corridor adds to its everyday liveability.
Value may be shaped by the unit’s position within a 310-lot complex, where views, natural light, and noise levels vary significantly by floor. The absence of a confirmed aspect or floor level might lead to a cautious approach from buyers. Ongoing owners corporation fees for a high-amenity building could be a consideration. Different configurations within the same building may also cause wide price dispersion, so the final result depends on how this unit compares to its immediate neighbours.
>> Comparable Sales: 425/20 Shamrock Street (2/2/1) sold at $535,000; 423/20 Shamrock Street (2/1/1) sold at $425,000 | Property Price Band: $500,000-$600,000 | Value Drivers: two car spaces, modern build, amenity access
Detailed Independent Property Report prepared by PropCred Analyst team for 436/20 Shamrock Street, Abbotsford VIC 3067
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Located in inner Melbourne along the Yarra River, Abbotsford remains a tightly held market with divergent house and unit segments. House prices sit at $1.27–1.3 million, with annual growth ranging from 2.8% to 7.7%, while units average $510,000–529,000, growing 2–3.9%. Unit demand is driven by investors: 292 units sold in the past year, gross yields on units reach 5.71–6.3% versus 3.33% for houses, and median unit rent is $600 per week against $725 for houses. Auction clearance for houses is a solid 68.8%. Supply constraints are emerging: new listings fell 16.3% year-on-year, and house sales dropped 27.9% to around 72–75 transactions. Houses now take 30–59 days to sell, up 20.4% from last year, signalling buyer caution at the top end. Future growth hinges on steady inner-city demand and limited supply, but affordability is a growing constraint for houses, while the higher-yielding unit segment offers a more accessible entry point.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
2
Land
1.03 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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