1/1 Barbara Street, Moorabbin VIC 3189
1/1 Barbara Street, Moorabbin VIC 3189
2 bed villa with 3 car spaces | part of a small subdivided site | 488m² shared parcel | strong parking for its size | compact infill Moorabbin holding
This is a competitively positioned unit for buyers wanting the practicality of a small lot without the maintenance load of a larger house. The three-car configuration is genuinely uncommon for a two-bedroom villa in this pocket, and it gives the property a functional edge over the more typical two-car offerings nearby. It sits within a low-rise infill street that mixes renovated villas and family houses, so the immediate context is settled and residential rather than transient. The 488m² shared parcel keeps the outdoor space modest, but for a downsizer, first-time buyer, or investor seeking a straightforward holding near transport, shops, and schools, this unit offers a sensible balance of convenience and low upkeep.
The value picture may be shaped by how the internal condition and layout compare to the renovated stock on the same street. A dated presentation might limit upside, while a fresh kitchen or bathroom could push buyer interest higher. The shared-site context may also constrain privacy and outdoor depth, which some purchasers will weigh against the parking advantage. The sale history shows price movement across the cluster over time, but the 2024 transaction for this unit suggests the market has already tested its level. Buyers should form their view based on what the finishes and floorplan actually deliver, rather than assuming the parking count alone carries the price.
|| Comparable Sales: 2/1 Barbara St sold $605,000 in 2016; 3/1 Barbara St sold $930,000 in 2021 | Property Price Band: $650K–$750K | Value Drivers: parking count, internal condition, layout efficiency
Detailed Independent Property Report prepared by PropCred Analyst team for 1/1 Barbara Street, Moorabbin VIC 3189
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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Market Insight
Moorabbin, in Kingston City Council, is served by Cranbourne/Pakenham line stations and Moorabbin Airport, keeping it attractive to professionals. Demand centres on 30-39 year-olds with bachelor qualifications and high household incomes, aided by population growth of 6.65% since 2016 and catchment access to McKinnon Secondary College. House prices have softened: medians sit between $1.226m and $1.3m, with annual growth between -0.16% and -3.69%. Units hold around $740k, though one measure shows 9% growth. Houses average 42 days on market with 77-81 sales over the past year. Rents are $780/week for houses, with yields of 3.4% for houses and up to 4.1% for units. Infrastructure and school quality remain future demand drivers, but affordability pressures, rate sensitivity, and negative price momentum are the key constraints.
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PropCred Estimated Value
Comparable Sales: 2/1 Barbara St sold $605,000 in 2016; 3/1 Barbara St sold $930,000 in 2021 | Property Price Band: $650K–$750K | Value Drivers: parking count, internal condition, layout efficiency
Bedrooms
2
Bathroom
1
Parking
4
Land
243m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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