1/87 Rennie Street, Coburg VIC 3058
1/87 Rennie Street, Coburg VIC 3058
2 bed 1 bath 1 car unit | 88 m² on a 1,393 m² site | low-rise villa complex | likely ground-level | established Coburg stock
This unit is competitively strong for being notably larger and lower-density than typical two-bedroom apartments in Melbourne’s inner north. Its 88 m² internal area and ground-level or single-level configuration within a small multi-unit block offer space and privacy that newer tower apartments rarely match. The property sits within an established Coburg complex where comparable units have been renovated, suggesting the building itself supports modern fitouts. It serves best first-home buyers, downsizers, or investors seeking solid, spacious unit stock in a suburb with steady demand from its transport and retail amenity. The land-rich strata site further reinforces its appeal as a more substantial holding than a standard apartment.
The value of this unit may be materially affected by its exact condition and renovation level, as comparable units in the same complex show upgraded interiors that could command a price premium. Its ground-level position might offer easier access but could also involve shared land exposure or less outlook privacy than upper-level stock. The building’s age and lack of premium amenities may limit its appeal to buyers seeking modern finishes or resort-style facilities, so the unit’s price should be weighed against its specific fitout and any required updates.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/87 Rennie Street, Coburg VIC 3058
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
2
URL has been copied successfully!
Market Insight
Coburg is a well-established, gentrifying inner-northern suburb with strong appeal for young families and professionals, driven by its proximity to the CBD and vibrant local amenity. Demand is robust, supported by consistent sales activity and positive price growth across the housing market. Future prospects are underpinned by ongoing gentrification and transport links, though increasing medium-density supply and high house prices present affordability and market sensitivity considerations.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1393m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!