1/116-118 Orrong Road, Elsternwick VIC 3185

1/116-118 Orrong Road, Elsternwick VIC 3185
Street-front townhouse | 3 beds plus study | oversized double garage | walk to trams & cafes This property presents a competitively configured, low-maintenance home in a high-amenity location. Its street-front position with a private driveway and oversized garage is a functional rarity for a townhouse, offering a practical edge over typical strata arrangements. The ground-floor main suite and upper-level retreat cater well to small families or professionals seeking separation and space. Its walkable proximity to the Glen Huntly Road precinct solidifies its appeal to owner-occupiers prioritizing lifestyle convenience. Proceed with disciplined due diligence on the land title and strata structure, given the conflicting lot size data and classification variance between databases; these discrepancies could impact financing and future saleability. The opportunity lies in securing a turnkey property in a established suburb where the floor plan and car accommodation outperform local units. Acquire as a long-term hold, leveraging its owner-occupier appeal for capital stability over the medium term. * Previous sale recorded at $570,000. This figure is historically distant and not a relevant benchmark for current value, merely indicating substantial market growth over the holding period. It underscores the importance of relying on recent, like-for-like sales for price validation.

Independent, Unbiased Research from  our PropCred Analyst team 

Market Insight:

This suburb presents a high-value, unit-dominant market with a professional demographic, underpinned by strong educational attainment and secular trends. Demand is driven by owner-occupiers and investors, attracted by the established profile and relative affordability within the unit segment. The market exhibits divergent trends, with houses demonstrating robust long-term growth while unit prices show recent resilience. Future performance will hinge on the balance between sustained professional demand and the inherent supply concentration within the unit market, which presents both opportunity and a key constraint on capital growth.

PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

1389m²

Built

Recent Assessments