1/65 Melbourne Road, Williamstown VIC 3016
1/65 Melbourne Road, Williamstown VIC 3016
2-bed unit in heritage-era block | Established Williamstown location | Compact entry-level format | Strongly positioned for first-home buyers and investors
This unit is set within an established heritage-overlay pocket of Williamstown, where period houses and terraces dominate and smaller apartment stock is less common. Its two-bedroom, one-bathroom configuration offers a lower entry point into a suburb known for strong family appeal and waterfront amenity. The presence of a heritage overlay adds character and a sense of permanence, while the compact format suits first-home buyers, downsizers, and investors seeking low-maintenance occupancy near schools, parks, and public transport. The surrounding area is mature and well-serviced, and the unit’s location within a multi-dwelling block provides a practical balance of privacy and shared responsibility.
Value may be shaped by the original condition of the interior, since heritage constraints may be expected to limit renovation flexibility. The unit’s position within the small complex might be considered in terms of outlook, natural light, and noise, all of which are known to influence buyer preference. Age of the building and ongoing maintenance of common areas could be regarded as factors affecting appeal. Realistic pricing is advised, as units in this suburb may be found to take longer to sell.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/65 Melbourne Road, Williamstown VIC 3016
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
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Market Insight
Williamstown’s housing market commands a $1.56–1.6m median, with annual growth ranging from -2.1% to +4.6% across sources. The unit segment is more divergent: medians span $680k–$890k, and growth swings between -7.65% and +16.34%, reflecting outsized sensitivity to property-specific factors. Houses sell in 52–74 days, a moderate turnover for the bracket. Rents for houses sit at $770–$800 weekly, producing gross yields of 2.4–2.8%; units rent at $550 weekly for a 4.0% yield. Demand is driven by limited supply, lifestyle amenities, and desirable location, with constrained inventory underpinning pricing.
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PropCred Estimated Value
Comparable Sales: 3/65 Melbourne Road sold at $450,000; 12/65 Melbourne Road similar 2-bed unit with lease history | Property Price Band: $400,000–$500,000 | Value Drivers: unit condition, heritage character, position within complex
Bedrooms
2
Bathroom
1
Parking
1
Land
1014m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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