1/35 Rose Street, Altona VIC 3018
1/35 Rose Street, Altona VIC 3018
Renovated two-bedroom unit | dual parking including garage | walk to Altona beach and shops | strong recent sale in same building
This unitโs competitive edge lies in its dual parking and garage, a rare find for a two-bedroom apartment in Altona, which strengthens its appeal to owner-occupiers and investors alike. The recent $685,000 sale of unit 5/35 in October 2024 confirms solid demand and price growth in this complex, and with no flood, bushfire, or heritage risks, the property sits on clean land. It is best suited for a first-home buyer or downsizer wanting modern finishes and low-maintenance living within walking distance of the beach and train station.
The main risk is the lack of a direct sales history for unit 1, meaning the buyer relies on comparable evidence rather than known pricing. However, the buildingโs strong 10-year appreciation and renovated condition reduce uncertainty. The fixed-price listing suggests the seller is motivated, offering a buyer negotiating leverage. Hold this unit as a long-term residence or rental,its location and parking configuration will sustain demand even in a softer market.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 1/35 Rose Street, Altona VIC 3018
Market Insight: Altona VIC 3018
Altona presents a nuanced market, with its established housing segment experiencing a recent softening in values while the unit market demonstrates stronger capital growth. Demand is supported by consistent sales activity, suggesting sustained buyer interest, particularly from smaller households drawn to the area’s character. The suburb offers a clear yield advantage for units over houses, indicating stronger investor appeal for apartments. Future performance will hinge on broader economic conditions, with the current divergence between house and unit trends highlighting a market in transition.