1/24 Widford Street, Glenroy VIC 3046
1/24 Widford Street, Glenroy VIC 3046
Street-front villa-style unit | two-bed one-bath two-car | private courtyard plus secure drive-through garage | apartment marketing, townhouse character
A rare edge is found in the package: street frontage, private courtyard and a secure garage with remote access and drive-through roller door, uncommon in entry-level Glenroy units. The layout is presented as a ground-floor villa, not a compact flat, with open living, two robed bedrooms, two-way bathroom, separate toilet, walk-in laundry and linen storage. Ducted heating, evaporative cooling, security shutters and a gas cooktop are included for everyday function. Best suited to first-home buyers, downsizers and investors seeking broad tenant appeal. Near Glenroy station, schools, buses and shops, a practical low-maintenance unit is offered.
Price may be influenced by how the property is classified for lending, as the apartment label sits awkwardly with a street-front villa format. Buyer confidence can be affected by strata arrangements often found with this unit type; value might also be driven by fixture condition, courtyard presentation and the functionality of the drive-through garage.
>> Comparable Sales: 1/132 Widford Street (3-bed townhouse) sold $940,000; 40 Widford Street (development site) sold $835,000 | Property Price Band: $550,000–$650,000 | Value Drivers: street frontage, drive-through garage, low-maintenance layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1/24 Widford Street, Glenroy VIC 3046
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Glenroy, 13 km north of Melbourne’s CBD, offers strong transport links via Glenroy Station and freeway access to the city and airport. Demand is driven by families and investors, attracted to a mix of post-war homes and new developments with schools, shopping and parks nearby. House prices reflect solid momentum: median $850,000, with annual growth between 2.8% and 4.8%; REIV puts the median at $920,000 with a 5.1% quarterly gain. Units sit at $625,000, up 6.8% annually. Houses transact in 27–39 days, indicating competitive conditions. Rental yields are modest for houses (3.6%) but firmer for units (4.7%). Future growth relies on transport connectivity; supply-side constraints remain unquantified.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
2450m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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