2/21 Lewisham Road, Windsor VIC 3181

2/21 Lewisham Road, Windsor VIC 3181
Ground floor Art Deco unit | 919mΒ² shared land | Prahran-Windsor border | Zoned residential | Northern aspect This is a ground-floor apartment in an eight-unit Art Deco block, presenting a rare chance to secure a character property with a northern orientation on a substantial land parcel. The large, shared lot in a residential zone offers a tangible point of difference from typical strata apartments and will particularly appeal to buyers seeking space, light, and period charm without garden maintenance. Its position on the Windsor-Prahran border provides access to the amenities of both suburbs, served by good schools and childcare, albeit with noted local demand. Critical inconsistencies exist between the property type and valuation data, signalling a material pricing risk. Sources conflict on classificationΒ—townhouse versus unitΒ—and suburb, while price estimates range from approximately $700,000 to over $1.5 million. This discrepancy necessitates immediate verification of the title, the exact nature of the owners corporation, and the apportionment of the 919mΒ² land. The lower valuation aligns with a basic two-bedroom unit; the higher suggests a premium for the land component and renovation. Proceed only after confirming the legal description and commissioning an independent valuation, as this property is suitable as a long-term hold for its character and land, not for speculative gain.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Windsor’s inner-city positioning offers strong connectivity, attracting a diverse buyer base of families and singles. Recent market conditions show a softening trend for houses, with extended selling periods, while the unit segment demonstrates relative resilience with higher rental yields. Future demand is underpinned by its established urban location, though sensitivity to broader economic conditions presents a key constraint on price growth.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

-

Land

919mΒ²

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