1/31 Oakpark Drive, Chadstone VIC 3148

1/31 Oakpark Drive, Chadstone VIC 3148
4-bed townhouse | 272m² block | Chadstone fringe | near Chadstone SC | Monash City zoning This townhouse presents a competitively strong offering for a professional or small family seeking low-maintenance living in a high-amenity location. The ground-floor master suite is a premium feature atypical in many townhouses, enhancing livability. The 272-square-metre block size provides tangible private outdoor space, a scarcity in this segment, while the Bosch appliances and Caesarstone finishes signal a quality fit-out. Its position approximately two kilometres from Chadstone Shopping Centre and with access to transport corridors firmly positions it for owner-occupiers valuing convenience. The primary decision hinges on the absence of recent, specific comparable sales data, which introduces pricing risk; a buyer must commission a bespoke valuation to justify the estimated figure. The modest 3.5% rental yield indicates this is a capital growth play, not an income-focused purchase. Proceed only with a disciplined price ceiling based on a professional valuation, as the suburb’s 3% growth rate demands a long-term hold to realise gains. This property is best acquired as a long-term primary residence to offset transaction costs and leverage its livability.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/31 Oakpark Drive, Chadstone VIC 3148
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Market Insight:

Chadstone is a family-oriented suburb with a strong professional demographic, underpinning its stable market positioning. Demand is primarily driven by these established households seeking detached homes. Recent price trends show solid growth for houses, while the unit market demonstrates even stronger performance, supported by rising rental yields and robust rent increases. Future growth is anchored by this demographic strength, though market data indicates some volatility in house price metrics, suggesting sensitivity to broader economic conditions.
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PropCred Estimated Value

Bedrooms

Bathroom

Parking

2

Land

271m²

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