1/21 Stuart Street, Noble Park VIC 3174
1/21 Stuart Street, Noble Park VIC 3174
Two-level townhouse | larger than typical Noble Park stock | dual living zones and powder room | strong commuter rental demand | courtyard plus balcony
This townhouse holds a genuine edge over the standard 2/1/1 infill product that dominates the Stuart Street pocket. The second living zone, separate powder room with laundry, and upstairs balcony give it the feel of a small house rather than a basic unit, which broadens its appeal to owner-occupiers and renters alike. At roughly 135 square metres, it sits at the larger end of comparable stock in the area, and the single remote garage plus private courtyard keeps maintenance low. It suits first-home buyers wanting space without land chores, downsizers seeking a compact but flexible layout, and investors chasing commuter demand given the short walk to the station and village.
The configuration may support a price premium over simpler two-bedroom townhouses nearby, but the lack of confirmed split-system cooling could be a negotiating point in warmer months. The two-level layout might deter some older buyers despite the powder room convenience, and the build year remains unverified, so condition upon inspection will matter more than age. Rental return at $550 per week suggests solid income potential, though the final sale price will hinge on how the interior finishes compare with newer stock in the immediate precinct.
|| Comparable Sales: 6/17 Stuart Street, 2/1/2 at 112m² sold recently; 5/21 Stuart Street, 2/1/1 marketed $480K–$528K | Property Price Band: $520K–$620K | Value Drivers: larger internal size, dual living zones, station proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 1/21 Stuart Street, Noble Park VIC 3174
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Noble Park, in Greater Dandenong, is a family-oriented market with a 30–39 age cohort and strong community appeal attracting first-home buyers and investors. Median house prices sit near $830,000–$835,000 with annual growth of 6.3–7.9%; units are around $580,000–$583,000, up 5.5–8.0%. Houses transact in 27–71 days, yet annual sales volume has fallen 18.7%. Rental yields remain modest: houses 3.6–3.76%, units 4.4–4.7%. Demand is underpinned by affordability, 4.06% population growth since 2016, and established transport links. Constraints include household income trailing the Greater Melbourne average and longer listing times, signalling softer buyer conditions despite steady price growth.
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PropCred Estimated Value
Comparable Sales: 6/17 Stuart Street, 2/1/2 at 112m² sold recently; 5/21 Stuart Street, 2/1/1 marketed $480K–$528K | Property Price Band: $520K–$620K | Value Drivers: larger internal size, dual living zones, station proximity
Bedrooms
2
Bathroom
1
Parking
1
Land
135m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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