1/28 Kershaw Street, Parkdale VIC 3195

Flood overlay detected | Limited comparable sales data | Garage access only | Price guide above recent estimates The flood overlay is the primary risk mechanism here, likely increasing insurance costs by an estimated $800 to $1,200 annually versus non-flood properties. This cost should be factored into your holding budget, and a formal flood report is strongly recommended before committing. The limited comparable sales data within 2km means the price guide carries a wider confidence interval than typical, reducing valuation precision. The townhouse itself presents a solid opportunity for an owner-occupier seeking a low-maintenance, well-located home in Parkdale. A reasonable judgment call is to treat the property as a hold for medium-term residential use, where lifestyle value offsets the modest financial risk of the overlay. | Comparable Sale | Sold Price | Timeframe | Value Inference | |—————–|————|———–|—————–| | Unit 3/28 Kershaw St | $1,050,000 | June 2025 | Reflects ~3% annual growth since 2017, suggesting stable but not strong capital appreciation in this specific building. | The buying case rests on the townhouse’s rare combination of street frontage and a 220m² lot in a tightly held Parkdale pocket. The open-plan living and three bedrooms with built-in robes serve families and downsizers alike, while the single garage plus driveway space offers functional parking. For a professional or couple, this is a strong choice: it avoids apartment living without committing to a detached house’s land burden. To move forward, schedule a formal flood risk assessment and compare the price guide against the recent unit sale in the same complex for negotiation leverage.