1/60 Fintonia Road, Noble Park VIC 3174
1/60 Fintonia Road, Noble Park VIC 3174
renovated 3-bedroom unit | 3-car parking on 835sqm lot | Noble Park family pocket | leased $550/wk in 8 days
This property offers a rare configuration advantage for a unit: three dedicated car spaces on a substantial 835sqm lot, combined with a recent renovation that removes immediate capital outlay. The 8-day lease at $550 per week demonstrates strong rental demand, giving a buyer either immediate income or confidence in future resale liquidity. It is best suited to an investor seeking a low-maintenance, high-yield holding in Melbourne’s affordable southeast corridor, or a first-home buyer wanting move-in readiness with parking for multiple vehicles.
The primary risk is the single bathroom, which limits appeal to families or sharers and may cap long-term capital growth relative to two-bathroom comparables. The 835sqm lot is shared, so no subdivision potential exists. However, the 2021 purchase at $580,000 and current $620,000 estimate show modest but steady appreciation, and the rental yield near 4.5% is competitive for the area. The opportunity is to hold for stable cash flow while benefiting from Noble Park’s ongoing demand from first-home buyers priced out of inner suburbs. This property should be held as a long-term rental or entry-level home, not traded for short-term gain.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/60 Fintonia Road, Noble Park VIC 3174
Checks found:
Value Risk
✓
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Market Insight
Noble Park is an affordable, family-oriented suburb attracting first-home buyers and investors, driven by its sense of community and accessibility. Recent price growth has been solid, though the market shows signs of softening with increased days on market and a notable decline in sales volume. Future growth is underpinned by steady population increases, yet is constrained by household incomes that remain below the metropolitan average, indicating sensitivity to economic pressures.
PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
3
Land
279m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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