1/53 Memorial Avenue, Epping VIC 3076
1/53 Memorial Avenue, Epping VIC 3076
Low-maintenance unit | compact 56m² floor plan | prime Epping school catchments | auction-positioned
This unit presents a competitively priced, low-maintenance entry into a high-demand suburban school catchment, a configuration that consistently attracts first-home buyers and investors seeking reliable tenant pools. Its sub-200m² land parcel and minimal upkeep profile shift the value proposition from land banking to immediate occupancy or rental serviceability, best serving those prioritizing location convenience over internal space.
The compressed floor area against the price bracket introduces tangible resale limitations, capping capital growth relative to larger formats in the area. The auction mechanism and rapid listing cadence signal vendor expectation exceeding the quoted range, demanding disciplined bidding anchored to the 2017 sale price adjusted for market movement. Acquire for hold, leveraging its rental appeal to secondary education demographics, but recognize its ceiling is defined by its functional size.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/53 Memorial Avenue, Epping VIC 3076
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Market Insight:
Epping is a family-oriented suburb within Melbourne’s northern growth corridor, characterised by a high proportion of mortgaged homeowners. Demand is driven by families and investors, supported by robust sales activity, major infrastructure investment like the Northern Hospital expansion, and its evolving role as an employment hub. The market demonstrates solid price growth and healthy rental demand, though its mortgage-heavy ownership base indicates sensitivity to interest rate changes, presenting a key affordability constraint amidst active development.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
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