1/52 Black Street, Brighton VIC 3186

1/52 Black Street, Brighton VIC 3186
3-bed 3-bath residence | 295m² boutique footprint | 3-car provision | Art Deco pedigree | completed 2022 The property is presented as a large-format apartment, rare in Brighton’s apartment stock. At 295m² it is placed well above typical flats, with three secure car spaces providing family practicality. The residence is contained within a five-unit boutique development completed in 2022, designed by Gregory Tuck Architecture and Nicholas Day Architects. Art Deco-inspired detailing is used, including 3.3m ceilings, wide hallways, and chevron timber floors. Zoned for Brighton Primary and Brighton Secondary, walkable to Church Street and Brighton Beach, this property best serves downsizers and affluent owner-occupiers wanting space with less upkeep. Value may be supported by the scarcity of newly completed low-density apartments, though the buyer pool is narrowed by the high entry price. Capital growth may be limited relative to freehold houses by the shared land parcel, and maintenance risk is reduced by the 2022 build standard. Each residence is valued on its own merits, and a lifestyle purchase is implied by the yield.
Detailed Independent Property Report prepared  by PropCred Analyst team for 1/52 Black Street, Brighton VIC 3186
Checks found:
Value Risk
Liquidity Risk ! 1
Planning Risk ! 1
Income Risk 2
Execution Risk
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Market Insight

Brighton VIC retains prestige bayside appeal, yet the current pricing cycle is mixed. House medians range from $3.125m to $3.31m, with annual growth flat to -8% depending on source; REIV records a 2.8% quarterly dip. Units are the weak spot: Property.com.au shows a 13.8% annual price decline, and REIV an 8.8% quarterly fall. Underlying rental demand is firm—vacancy is a constrained 0.6% against the 3% healthy benchmark, house rents have risen 8% annually, and rented house volumes are up 19%. This is drawing interest from investors seeking yield, while high-income owner-occupiers sustain the premium house segment. The main constraint is affordability and rate sensitivity, with slower unit sales (108 days on market) signalling further downside risk.
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PropCred Estimated Value

Comparable Sales: 101/52 Black St sold $3.995m Oct 2024; 102/52 Black St sold $4.18888m Dec 2024 | Property Price Band: $3.9M–$4.2M | Value Drivers: 295m² internal scale, three-car allocation, 2022 boutique build quality

Bedrooms

3

Bathroom

3

Parking

3

Land

889m²

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