1/97 Rostrevor Parade Mont Albert North VIC 3129

1/97 Rostrevor Parade Mont Albert North VIC 3129
4-bed townhouse | 237sqm on 1238sqm lot | north-facing deck | 2024 build in established suburb This townhouse occupies a rare position in Mont Albert North: a modern four-bedroom home on a substantial lot within a low-rise development of only seven residences. The 237-square-metre floorplan with three bathrooms, two living zones, and a north-facing alfresco deck gives it the feel of a standalone house while sharing site costs. For a buyer seeking new-build quality without apartment compromises, this property offers configuration and outdoor space that competing townhouses in Box Hill or Doncaster rarely match. It suits families prioritising Greythorn Primary and Koonung Secondary zones, or professionals wanting a lock-and-leave home with Miele appliances, ducted heating and cooling, and auto blinds already integrated. The primary risk is the price guide sitting above the estimated value, which suggests limited near-term capital growth unless the suburb’s 2.5% annual growth accelerates. The 2021 sale price and 2024 completion date mean the vendor holds a short ownership period, reducing negotiation room. However, the 1238-square-metre lot on a single title offers future subdivision potential, and the tiered gardens with water tank reduce ongoing costs. The property should be held as a long-term family home where the school zones and low-maintenance build deliver lifestyle returns, not speculative gains.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Mont Albert North presents a premium, established residential market with strong underlying demand, evidenced by consistent sales activity. Recent price trends indicate solid capital growth for houses, while the unit market offers a higher rental yield, appealing to different investor profiles. The suburb’s desirability is supported by a competitive sales environment with relatively swift market turnover. Future growth is underpinned by this sustained buyer interest, though the premium pricing inherently limits affordability and may introduce sensitivity to broader economic shifts.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

2

Land

1238mยฒ

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