10/5 Alfred Street, Beaumaris VIC 3193

10/5 Alfred Street, Beaumaris VIC 3193
2-bed unit in low-rise Beaumaris block | Updated interiors and new carpets | Compact downsizer or investor stock | No confirmed parking or floor level This unit sits in a small, low-rise apartment building in a quiet pocket of Beaumaris, a suburb dominated by detached family homes. Its two-bedroom configuration and updated interiors make it a practical option for downsizers seeking single-level, low-maintenance living, or investors targeting steady bayside rental demand. The property is competitively positioned within a segment that is less abundant than the suburb’s larger houses, yet it does not offer premium apartment amenity. Its strongest appeal lies in its straightforward, move-in-ready condition and its location within an established, low-density residential area. The absence of confirmed parking, floor level, or aspect introduces some uncertainty when forming a view on price, as these features can meaningfully affect buyer appeal and rental returns. The building’s age is not confirmed, though its existence since at least the early 2000s suggests the unit may lack modern energy-efficiency or soundproofing upgrades. The property’s compact size and limited on-site facilities may also narrow its buyer pool compared to larger units or townhouses nearby. These factors should be weighed carefully against the unit’s updated interiors and the suburb’s general desirability.
Detailed Independent Property Report prepared  by PropCred Analyst team for 10/5 Alfred Street, Beaumaris VIC 3193
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Market Insight:

Beaumaris is a well-established bayside suburb with a high-income demographic, underpinning its premium positioning. Demand is driven by families, evidenced by strong auction clearance rates and a high proportion of mortgaged owners, indicating active owner-occupier participation. The housing market demonstrates resilience with stable prices and quicker sales, while the unit segment has softened. Future growth is supported by consistent transaction volume and a healthy market score, though the divergence between house and unit performance presents a key consideration for buyers.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

142m²

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