1/1 Percy Street, Newport VIC 3015
1/1 Percy Street, Newport VIC 3015
Four-bedroom townhouse | compact 267m² allotment | two-car parking | Newport school zoning | no overlay restrictions
A four-bedroom townhouse is presented on a compact 267m² allotment, with two car spaces and an internal area of 129m². The property is positioned within a residential zone where no bushfire, flood, or heritage overlays are detected, which reduces compliance concerns. School catchments are a notable strength, with Newport Lakes Primary and Bayside P-12 College within a few kilometres, making the property well suited to families seeking a low-maintenance, higher-density option. The townhouse format is best matched to upgraders or owner-occupiers who want practical accommodation without the upkeep of a larger garden. Demand is likely driven by buyers prioritising location, zoning, and a contemporary layout over land size.
The property’s value may be influenced by the condition and presentation of internal finishes, as well as by the proportion of land to building area. Expansion potential is limited by a 267m² allotment with 129m² of internal space, so layout and storage are likely to be weighed carefully. The absence of overlays is viewed as a positive, but the townhouse format may be perceived as appealing to a narrower buyer pool than a detached house.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/1 Percy Street, Newport VIC 3015
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Newport, in Melbourne’s inner west, offers rail access via Werribee and Williamstown lines plus Melbourne Road links to the city. Professional couples with children, aged 40-49 and predominantly owner-occupiers, drive demand. House prices are around $1.2 million, with annual movements between -0.4% and -4.8% depending on data source; units sit near $690,000, down as much as 8%. Houses sell faster at 54-58 days than units at 73, and auction clearance reaches 64-90%, indicating stronger house demand. Sales volumes align: houses up 32.8%, units down 7.4%. Transport connectivity and tighter house turnover support the outlook, though price softness across segments and rising unit days on market are key constraints.
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PropCred Estimated Value
Comparable Sales: 20 Percy Street (4-bed, 3-bath, 301m², sold 2021) | Property Price Band: $900K–$1.0M | Value Drivers: four-bedroom layout, dual car spaces, school catchment
Bedrooms
4
Bathroom
2
Parking
2
Land
266m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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