1/224 Jasper Road, Mckinnon VIC 3204
1/224 Jasper Road, Mckinnon VIC 3204
Townhouse format in McKinnon Secondary zone | Station walkable | Infill premium finishes | Compact land, strong demand | School-zone family focus
This property sits in the school-zone sweet spot that drives McKinnon’s market, and the unit-style format makes it an accessible entry point into a suburb where detached houses command a significant premium. The configuration likely suits a family wanting the catchment without the maintenance burden of a full house, or a downsizer trading garden space for walkability to the station and village shops. The recent new-build and renovated townhouse stock along this stretch suggests the property competes in a modern, low-maintenance tier that appeals to buyers prioritising location and lock-and-leave convenience over land area. Its position within the secondary college zone is the strongest single factor supporting both owner-occupier demand and rental interest.
The compact land component may limit price growth compared to larger parcels nearby, and proximity to the retail strip could introduce some traffic or noise considerations depending on exact positioning. The internal layout, quality of finishes, and whether it offers private outdoor space will materially shape how it compares against newer stock in the same corridor. Buyers should weigh the trade-off between school-zone access and the smaller footprint typical of townhouse product in this pocket, as well as the potential for ongoing infill development nearby to influence the street’s character over time.
|| Comparable Sales: 284A Jasper Road townhouse sold $1.7M in 2022; 1/232–234 Jasper Road unit sold $885K in 2026 | Property Price Band: $1.0M–$1.1M | Value Drivers: school zone, condition and finish quality, layout and outdoor space
Detailed Independent Property Report prepared by PropCred Analyst team for 1/224 Jasper Road, Mckinnon VIC 3204
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
McKinnon is a premium bayside suburb where family buyers dominate, drawn by its established character and strong rental growth. Recent house price trends show a stabilising market with some sensitivity to economic conditions, while unit prices exhibit greater volatility. Future demand is underpinned by competitive auction clearance rates, though high entry prices and variable supply, particularly in the unit segment, present ongoing constraints.
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PropCred Estimated Value
Comparable Sales: 284A Jasper Road townhouse sold $1.7M in 2022; 1/232–234 Jasper Road unit sold $885K in 2026 | Property Price Band: $1.0M–$1.1M | Value Drivers: school zone, condition and finish quality, layout and outdoor space
Bedrooms
2
Bathroom
1
Parking
1
Land
188m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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