1/27 Stephen Street, Yarraville VIC 3013
1/27 Stephen Street, Yarraville VIC 3013
Compact 2-bed townhouse | renovated kitchen and bathroom | balcony off main bedroom | carport plus two toilets | walk to village and rail
The property holds a genuine edge for its size: a fully updated kitchen and central bathroom remove immediate spend, while the balcony off the main bedroom adds a private outdoor moment rare in compact townhouses of this era. Two toilets and a separate laundry make everyday living more practical than most 2-bedroom units in the inner west. Its position between Yarraville Village and Seddon means cafés, shops, and the train are all within a short walk, which keeps demand steady from both owner-occupiers and investors. The open-plan living and dining flows well for a small footprint, and the carport—accessed from the courtyard—is a real convenience in a suburb where parking is often tight. This townhouse suits first-home buyers, downsizers, or couples wanting low-maintenance living without sacrificing location.
Value may be shaped by the compact lot size and the absence of confirmed build-year or floor-count details, which could influence lending or insurance assessments. The property’s townhouse form suggests multi-level living, but the exact layout should be inspected for stair access and storage practicality. A smaller land component may cap long-term land-value growth compared to detached houses nearby, yet the renovated interior and strong rental appeal might offset that. The 2021 sale of 18/37 Stephen Street at $1,260,000 signals the street’s upper range, while 141 Stephen Street’s $946,000 estimate for a smaller unit brackets the lower end—positioning this property likely in the $1.0M–$1.1M band, driven by its updated condition, dual toilets, balcony, and carport.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/27 Stephen Street, Yarraville VIC 3013
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
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Market Insight
Yarraville’s market is anchored by a $1.16 million median house price, with annual growth ranging from 0.87% to 2.7% depending on the index; one source records a 1.7% decline. Houses sell in 44–58 days, reflecting steady but competitive demand from young professionals, singles, and small families drawn to CBD proximity and lifestyle. Household incomes are high, and professionals dominate. Units remain the entry point, with medians between $600,000 and $663,500 and stronger momentum—up to 6.16% annually—despite one series showing a 5.8% year-on-year fall. Rental yields are tighter for houses at around 3%, while units deliver 4.6–5.1%, supporting investor interest. Future growth drivers centre on continued professional migration and unit affordability, but the key constraint is price sensitivity above $1.1 million for houses, alongside divergent data signalling possible softness in both segments. Sales volume is substantial, with 359 properties transacting in 2025, underscoring liquidity.
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PropCred Estimated Value
Comparable Sales: 18/37 Stephen Street $1,260,000 (2021); 141 Stephen Street estimated $946,000 | Property Price Band: $1.0M–$1.1M | Value Drivers: renovated kitchen and bathroom, balcony off main bedroom, carport and two toilets
Bedrooms
2
Bathroom
1
Parking
-
Land
78m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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