102/117 Croydon Road, Surrey Hills VIC 3127
102/117 Croydon Road, Surrey Hills VIC 3127
2/2/1 apartment | Owner-occupier building | School proximity | Last sold 2019 $690k | Building resale soft
This apartment is configured as a two-bedroom, two-bathroom, one-car unit, a practical setup for many buyers. The building is strongly owner-occupied, with most units purchased for living rather than renting. That character, combined with the short walk to Surrey Hills Primary and reasonable secondary school access, is seen as a sensible fit for downsizers, professional couples, or parents wanting a low-maintenance base in an established inner-east suburb. The appeal is not tied to land scarcity; its strength is found in being a manageable, secure residence in a convenient location, supported by consistent owner-occupier demand.
Transaction evidence within this building may be read as muted capital growth over six years, so price should be judged against floor level, aspect, and presentation rather than suburb appreciation. A higher-priced sale in the same complex is often explained by position and outlook. Condition, balcony, and car space may also be relied on for a stronger result.
Detailed Independent Property Report prepared by PropCred Analyst team for 102/117 Croydon Road, Surrey Hills VIC 3127
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Surrey Hills is an inner-east Melbourne suburb anchored by strong transport links and top school catchments, with demand concentrated among families, downsizers, and professionals seeking period homes and leafy streetscapes. House values sit at a median near $2.2 million, though annual growth is mixed: recent indicators range from a 0.25% decline to 3.2% growth, while the quarterly REIV figure fell 6.4%. Units are more affordable, with medians from $847,500 to $945,000 and annual growth between 1.1% and 8.3%. Houses spend roughly 31–59 days on market, reflecting a moderately balanced market, while gross rental yields are low for houses at about 2.1% and higher for units at 3.3–4.0%. Demand drivers remain consistent: school quality, period housing, and connectivity underpin buyer interest. Key constraints are high entry prices and affordability, with sales volumes down 7.6% for houses and 15.7% for units year on year, and auction clearance rates at 69.2% indicating selective buyer activity.
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PropCred Estimated Value
Comparable Sales: 202/117 Croydon Rd sold $665,000; 301/117 Croydon Rd sold $900,000 | Property Price Band: $700K-$800K | Value Drivers: floor level, aspect, internal condition.
Bedrooms
2
Bathroom
2
Parking
1
Land
119m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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