2B Wharton Avenue, Broadmeadows VIC 3047

2B Wharton Avenue, Broadmeadows VIC 3047
3 bed / 2 bath / 2 car townhouse | sought-after Wharton pocket | family & first-home demand | modern infill stock | land size unconfirmed The townhouse is presented as a modern three-bedroom, two-bathroom, two-car infill dwelling in one of Broadmeadows’ more sought-after pockets. This configuration fits the local demand profile, which is led by owner-occupiers and families wanting practical, low-maintenance living. The property is expected to suit first-home buyers and small families best, offering the core rooms and parking without the upkeep of an older detached house. Its position in Wharton Avenue adds local prestige, while the modern build quality appears consistent with newer townhouse stock in the area. That combination gives the property a clear edge in its immediate market. The sale price may be influenced by the actual land area, internal finish, and the efficiency of the layout. Presentation and condition might shift the result within the expected range. A smaller land component could limit upside relative to larger-lot houses, though the low-maintenance appeal may support demand from practical buyers. These property-specific factors are likely to shape the final price more than general market conditions. >> Comparable Sales: 2/16 Waranga Crescent sold $500k in 2022 | Property Price Band: $600k–$700k | Value Drivers: condition, land size, layout efficiency
Detailed Independent Property Report prepared  by PropCred Analyst team for 2B Wharton Avenue, Broadmeadows VIC 3047
Checks found:
Value Risk ! 1
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk ✕ 2
Execution Risk ✕ 2
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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

3

Bathroom

2

Parking

2

Land

274m²

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