1/77 Waters Drive, Seaholme VIC 3018
1/77 Waters Drive, Seaholme VIC 3018
This is a 3-bedroom, 2-bathroom townhouse with one car space on a 691-square-metre lot in the Noordenne Estate. It features reverse living and overlooks Altona Coastal Park, with walkable access to Cherry Lake, Altona Beach, cafes, and schools within the Seaholme Primary and Bayside P-12 College catchments. The lot size is unusually large for a townhouse in this suburb.
The property’s competitive strength lies in its rare combination of a very large lot within a modern, coastal estate. Overlooking Altona Coastal Park and being walkable to the beach, schools, and cafes positions it as a premium family offering in Seaholme, where most townhouses sit on much smaller lots. The reverse living design maximises park views and light, while the NBN fibre and 5G coverage support modern living. This townhouse is best suited to families seeking space and lifestyle, or downsizers wanting a lock-and-leave with a substantial outdoor area in a prestigious coastal setting.
The large lot may indicate shared land or a sectional plan arrangement, which could affect how the land is titled and used, and this should be clarified. One car space is a constraint for a three-bedroom family home and may limit appeal to some buyers. The absence of bushfire, flood, or heritage overlays lowers risk, but buyers should confirm if any strata or owners corporation fees apply. The modern age of the estate suggests good condition, but the lack of specific finish details means an inspection is needed to assess quality. These factors might influence the final value relative to similar properties in the area.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/77 Waters Drive, Seaholme VIC 3018
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Seaholme leverages its proximity to upgraded local tram networks, offering residents a highly targeted lifestyle and infrastructure advantage. Creative-class owner-occupiers are aggressively driving the housing demand here to secure a foothold in this specific postcode. This pocket has proven resilient, outperforming broader market averages due to intense inner-ring demand.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
1
Land
691m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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