1/16 Elizabeth Street, Oakleigh East VIC 3166
1/16 Elizabeth Street, Oakleigh East VIC 3166
3 bedrooms, 2 bathrooms, 2 car spaces across 231 square metres of land and 126 square metres of floor area over two levels. A modern townhouse, likely built in the late 2010s, in the Monash Council area.
The configuration here is competitively strong for Oakleigh East. A three-bedroom townhouse with two car spaces and a land size over 230 square metres is less common than the tighter two-bedroom or single-car options found in newer developments. The property feels genuinely roomy rather than compact, which suits young families or professionals who need space for a home office. Its position in the suburb places it within walking distance of local amenities and schools, adding everyday convenience that supports both liveability and long term demand. The modern finish and functional two-level layout mean the property requires no immediate work, which appeals to buyers seeking a straightforward move-in option.
The land size may influence value more than the floor area alone. At 231 square metres, the lot offers a degree of outdoor space and separation from neighbours that smaller townhouses in the area cannot match. However the price point sits near the middle of the suburb’s range, so the property may not deliver exceptional rental yield compared to lower-priced older stock. The absence of bushfire hazard is a practical advantage, but the higher density compared to detached homes could narrow the buyer pool slightly. A buyer should weigh whether the larger land and dual parking justify the premium over more compact alternatives in the same street.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/16 Elizabeth Street, Oakleigh East VIC 3166
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
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Market Insight
Oakleigh East is a well-located, family-oriented suburb attracting young professionals and families, driven by proximity to major employment hubs and solid infrastructure. Demand is underpinned by strong population growth and a significant rental cohort, creating competitive pressure. Recent market conditions show a resilient but nuanced housing market with varied price momentum, while the unit segment demonstrates firmer growth. Future prospects are supported by its established appeal, though tight supply and affordability constraints present ongoing sensitivity to broader economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
231m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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