1/104 William Street, St Albans VIC 3021
1/104 William Street, St Albans VIC 3021
contemporary 3-bed townhouse on 203m² | street-front with courtyard | existing lease to Aug 2026 | two-level layout with study nook | low-maintenance family / investor option
This townhouse offers a rare combination of street frontage, modern finishes, and a secure long-term lease — elements that position it well among newer infill stock in this pocket. The ground-floor living with tiled floors and powder room, upstairs study nook, and low-maintenance courtyard appeal strongly to owner-occupier families seeking three bedrooms near schools and transport, while the lease in place until August 2026 makes it equally attractive to investors wanting immediate, predictable income. It is a straightforward, well-configured property that suits practical buyers who value convenience over character.
The existing lease might anchor sale price below what a vacant identical townhouse could achieve, as owner-occupiers often pay a premium for immediate possession. The absence of a confirmed build year or aspect data introduces mild uncertainty for those prioritising passive solar orientation or construction quality, though both are typical in this product type. Street frontage and garage access are positive, but the 203m² lot limits future expansion — a factor that may only matter if the suburb’s density expectations shift over time.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/104 William Street, St Albans VIC 3021
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
St Albans presents as a well-connected, established suburb experiencing robust capital growth, particularly in its unit market. Demand is driven by a broad demographic seeking relative affordability within Greater Melbourne, supported by strong rental growth. Recent conditions show a consistently active sales market with solid price appreciation across both houses and units. Future growth is underpinned by this sustained demand, though variable selling periods and a moderate auction clearance rate indicate some sensitivity to broader market conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
203m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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