1/89 Albert Avenue, Boronia VIC 3155
1/89 Albert Avenue, Boronia VIC 3155
Long-term owner-occupied building | Rare 182sqm lot for a townhouse | Knox council | Boronia K-12 catchment
This townhouse sits in a three-unit block with an exceptionally stable ownership profile, where half the residents have held for over a decade. The 182-square-metre lot is generous for a two-bedroom unit, offering private outdoor space and a layout that suits downsizers or first-home buyers seeking low-maintenance living without compromising on land component. The 2007 purchase price of $70,000 underscores the building’s history of long-term capital growth, and the February 2026 sale of Unit 3 at $620,000 confirms recent market alignment. The property is best suited to buyers who prioritise neighbourhood stability and a manageable footprint over modern finishes.
The primary risk is the absence of recent comparable sales within the building itself, meaning the valuation range of $580,000–$638,000 relies on broader Boronia data rather than direct evidence. The unit’s age and potential for deferred maintenance in a small block of three townhouses could require capital outlay within the first five years. However, the Knox council area typically supports steady demand, and the school catchment adds a demographic floor. This property should be held as a long-term residence or rental, not flipped, given the thin margin between low and high estimates.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/89 Albert Avenue, Boronia VIC 3155
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
2
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Market Insight
Boronia is a well-established sub-regional centre with a stable, owner-occupied demographic. Demand is driven by families and supported by strong auction clearance rates, indicating competitive market conditions. Recent price trends show consistent, moderate growth across both houses and units, with properties transacting swiftly. Future growth is underpinned by its role as a local hub, though relative affordability compared to Greater Melbourne presents a key constraint on price escalation.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
182m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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