101/10 Warrigal Road, Parkdale VIC 3195
101/10 Warrigal Road, Parkdale VIC 3195
Beach proximity under 200m | Boutique block with basement parking | Rare one-bedroom with bay views | Strong rental yield above 4.5%
This apartment offers a rare combination for a one-bedroom buyer: genuine ocean views from a private balcony, a full basement car space with storage, and a beachfront position that most flats in this price bracket lack. The open plan layout is efficient at 54 square metres, and the split system heating and cooling gives year round comfort. For an owner-occupier wanting a low-maintenance coastal base or an investor targeting Mentone and Parkdale’s school catchment demand, the rental yield near 4.8 percent supports the case. The property sits in a boutique complex, which typically means lower body corporate density and better resale appeal than larger blocks.
The main risk is the limited land component shared across 1164 square metres, meaning capital growth will track the building’s age and strata performance rather than land uplift. The 2014 sale date suggests no recent renovation, so the kitchen and bathroom finishes may feel dated to some buyers. However the price range sits below the valuation band, which creates a potential entry discount if competition is light at auction. The lack of bushfire, flood, or heritage overlays removes common deal-breakers. For a buyer, this works best as a hold-and-rent property or a low-effort home within walking distance to Mentone Village and the beach
Detailed Independent Property Report prepared by PropCred Analyst team for 101/10 Warrigal Road, Parkdale VIC 3195
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Parkdale is a tightly held bayside suburb prized for its family-friendly lifestyle and enviable coastal proximity. Demand is driven predominantly by established owner-occupier families seeking a stable, high-amenity environment, supported by strong local schools and transport links. The housing market demonstrates robust growth with limited stock, while the unit segment presents a more varied performance. Future prospects are underpinned by enduring appeal and infrastructure upgrades, though high entry prices and sensitivity to economic conditions present notable constraints for new buyers.
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PropCred Estimated Value
Bedrooms
1
Bathroom
1
Parking
1
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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