1/124-126 Harold Road, Noble Park VIC 3174
1/124-126 Harold Road, Noble Park VIC 3174
2-bed unit, small front yard, modest stock | 202m² land, Noble Park, older complex | 1996 sale at $72k, 2023 neighbour at $538k | no premium finishes, unverified age
This unit occupies a familiar position in Noble Park’s established low-rise stock, where a two-bedroom, one-bathroom format with dedicated parking and a usable front yard is a practical fit for first-home buyers, downsizers, and small households. The 202-square-metre lot offers more private outdoor space than many strata apartments, and the small eight-property complex keeps the setting quieter than larger developments. A 2023 sale of a similar unit within the same address confirms this configuration remains active in the local market, making it a straightforward entry point into a transport-connected suburb with broad rental appeal.
The property’s age and renovation history are unconfirmed, which may affect its value relative to updated comparables and could require buyers to budget for future improvements. The front yard is a functional advantage, but the lack of verified rear private open space or modern amenities like a pool or lift means the unit competes on location and basic liveability rather than standout features. Buyers should weigh these factors when forming a view on price, as the property’s modest condition and unverified finishes may limit upside without targeted upgrades.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/124-126 Harold Road, Noble Park VIC 3174
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
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Market Insight
Noble Park is an affordable, family-oriented suburb attracting first-home buyers and investors, driven by its sense of community and accessibility. Recent price growth has been solid, though the market shows signs of softening with increased days on market and a notable decline in sales volume. Future growth is underpinned by steady population increases, yet is constrained by household incomes that remain below the metropolitan average, indicating sensitivity to economic pressures.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
205m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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