1/5 Andrews Street, Eltham VIC 3095
1/5 Andrews Street, Eltham VIC 3095
3 bed townhouse | 2 living levels | 250m² low-maintenance block | leafy Eltham pocket near station
This townhouse holds a genuine edge for its segment: a three-bedroom, two-bathroom layout on a compact allotment that suits buyers wanting the Eltham lifestyle without the upkeep of a large detached house. The two-storey design with stone benchtops, stainless appliances, and a pergola-covered alfresco terrace gives it a modern, move-in-ready feel that older housing stock in the area often lacks. It serves first-home buyers, young families, and downsizers well, particularly those who value proximity to Eltham Station, the village retail strip, and Milborne Heddon Reserve. The walk-in robe and ensuite to the main bedroom add practical comfort, while evaporative cooling and ducted heating cover seasonal needs.
Value may be shaped by how the compact land size compares to what buyers expect from Eltham’s traditionally larger blocks, and whether the townhouse format appeals strongly enough to offset that. The quiet pocket location and established greenery could support a premium, but the absence of shared facilities or body-corporate amenities might limit appeal for some investors. Buyers should weigh the convenience of low-maintenance living against future resale competition from newer townhouse developments in the corridor.
|| Comparable Sales: 3-bed townhouse nearby sold $880K–$920K; 3-bed house on larger block sold $1.05M | Property Price Band: $900K–$1.0M | Value Drivers: modern finishes, station proximity, low-maintenance layout
Detailed Independent Property Report prepared by PropCred Analyst team for 1/5 Andrews Street, Eltham VIC 3095
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
1
URL has been copied successfully!
Market Insight
Eltham is an established, family-oriented suburb with a median house price of roughly $1.2–$1.3 million and units between $754,000 and $820,000. Demand is driven by higher-income professionals aged 40–59, mostly Australian-born, with bachelor-level qualifications and household sizes near 2.8 people. House price momentum is mixed: annual growth ranges from 0.97% to 5%, but quarterly changes are negative across sources, from -0.4% to -6.9%. Units show stronger annual growth, up to 8.5%, though quarterly figures are uneven. Houses take 20–48 days to sell and annual sales volume is down about 17% year-on-year, pointing to a slower, price-sensitive market. Gross rental yields are modest—around 4% for houses and lower for units—with median house rents near $720 per week. Key constraints are affordability at current price levels and interest-rate sensitivity, evidenced by softening quarterly prices and reduced transaction activity.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 3-bed townhouse nearby sold $880K–$920K; 3-bed house on larger block sold $1.05M | Property Price Band: $900K–$1.0M | Value Drivers: modern finishes, station proximity, low-maintenance layout
Bedrooms
3
Bathroom
2
Parking
2
Land
250m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!