1/28 Walters Avenue, Airport West VIC 3042

1/28 Walters Avenue, Airport West VIC 3042
Brand new townhouse | 4-bedroom with dual ensuites | 697sqm land parcel | Airport West pocket near Niddrie Primary The configuration here is unusually strong for a new townhouse: a ground-floor guest bedroom with its own ensuite, plus three first-floor bedrooms including a master with a nook and ensuite, gives genuine multi-generational or tenant-friendly separation. The 697sqm land holding is generous for a townhouse, and the property sits in a quiet pocket zoned for Niddrie Primary School, which adds buyer depth. This suits a family wanting modern finishes without strata constraints, or an investor seeking a high-yield, low-maintenance holding with a $785 weekly rental return. The primary risk is the price guide sitting below the area median, which may reflect a tighter market or the property’s position on a main road corridor. Buyers should verify street noise and check the body corporate structure. The upside is the land-to-building ratio: a new build on a full block offers future subdivision potential or a granny flat opportunity, subject to council approval. Hold for rental yield and land appreciation, or occupy for the school zone advantage.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/28 Walters Avenue, Airport West VIC 3042
Checks found:
Value Risk ! 1
Liquidity Risk ✓
Planning Risk ✓
Income Risk ! 1
Execution Risk ! 1
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Market Insight

Airport West offers a balanced market with strong accessibility, attracting families and first-home buyers seeking value in its mix of established and newer dwellings. Recent price trends indicate solid growth for houses, while the unit market has shown more stability. Demand is underpinned by its convenient location and lifestyle amenities, though the market’s momentum appears more consistent for houses than units.
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PropCred Estimated Value

Bedrooms

4

Bathroom

3

Parking

1

Land

697m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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