1/1229 Nepean Highway, Highett VIC 3190
1/1229 Nepean Highway, Highett VIC 3190
This three-bedroom, two-bathroom townhouse with two car spaces sits on a 263-square-metre lot in Highett. The main suite includes a walk-in robe and ensuite, with all bedrooms located upstairs. It was sold in 2019 for $930,000 and is positioned near Westfield Southland and Southland Station, within the Kingston council area.
What is competitively strong here is the configuration itself—three bedrooms and two bathrooms in a boutique townhouse format is less common in Highett, where older villas and two-bedroom flats dominate. The upstairs zoning of the accommodation, with a main suite that includes both a walk-in robe and ensuite, gives it a genuine family or professional-couple appeal that many newer builds in the area lack. Its position near Southland Station and Westfield Southland means everyday convenience is high, which tends to support both owner-occupier demand and rental interest. This property suits a buyer who wants modern space without sacrificing walkability to transport and retail.
Several factors may influence the value here. The lot size of 263 square metres is modest for a townhouse, which could limit future extension potential or land-value growth compared to larger parcels. Being on Nepean Highway, while convenient, may introduce traffic noise that some buyers will weigh against the location benefits. The 2019 sale price of $930,000 and the current listing range suggest meaningful appreciation, but a buyer should consider whether that growth reflects genuine market movement or a premium for finishes and presentation. The absence of specific school names in the marketing means catchment quality should be verified directly. These points are worth exploring when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/1229 Nepean Highway, Highett VIC 3190
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Highett’s established bayside positioning attracts families and professionals seeking connectivity and quality schools. Demand is driven by its proximity to beaches and employment hubs, with strong activity in the unit market. Recent price trends show stability in houses but notable divergence in unit performance. Future growth is anchored in its infrastructure and location, though high entry prices and interest rate sensitivity present clear affordability constraints.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
263m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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