1/165 Parkers Road, Parkdale VIC 3195
1/165 Parkers Road, Parkdale VIC 3195
Original beachside bungalow | flexible two-to-three-bed layout | walk to station and shops | strong repeated rental demand | mixed unit-townhouse street
Positioned within an original bungalow on the beachside of Parkers Road, this unit is offered with a flexible two-to-three-bed layout, an enclosed front porch, a sunroom and a spacious kitchen. Ducted heating and off-street parking for two are provided. The property is within walking distance of Parkdale station, the shopping strip and local schools, placing it in the walkable coastal pocket of the suburb. That character-and-convenience mix is uncommon in Parkdale’s broader stock of older houses, townhouses and newer units. This unit is best suited to a buyer wanting a walkable beachside lifestyle with low maintenance and strong rental demand.
The way this unit is positioned within the original bungalow may affect its outdoor space and natural light. Higher running costs might be carried by the original construction, even with ducted heating. Buyer perception may be shaped by the mixed street character, with townhouses and newer units beside older houses. These factors might be weighed in the final price.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/165 Parkers Road, Parkdale VIC 3195
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Parkdale, a bayside suburb in Melbourne’s south-east, is anchored by stable professional households: 76% owner-occupied and 71% families. Demand is driven by families seeking beachside living with strong local schools, while Parkdale station and planned level-crossing removals support connectivity. House prices have firmed to a median of roughly $1.59 million, with annual growth between 4.9% and 8.5% depending on source; units sit near $800,000, though one data set shows volatility. Stock turns in 30–55 days, reflecting tight supply and competition. Future growth relies on infrastructure upgrades and limited new supply, but affordability constraints and interest-rate sensitivity for mortgaged owners temper upside. Gross yields remain low at about 3.4%.
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PropCred Estimated Value
Comparable Sales: 2/14 Parkers Road sold at $620,000 for a 2-bed unit | Property Price Band: $700,000-$800,000 | Value Drivers: original bungalow character, flexible layout, walk-to-station beachside location
Bedrooms
4
Bathroom
3
Parking
2
Land
232m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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