1023 Heidelberg Road, Ivanhoe VIC 3079
1023 Heidelberg Road, Ivanhoe VIC 3079
3-bed apartment in a completed low-rise development | secure lift access and parking | premium Miele and stone finishes | strong north-east orientation available | busy arterial location
This property sits in a modern, completed apartment development along Heidelberg Road, offering a configuration that is genuinely scarce in Ivanhoe’s market: a full three-bedroom, two-bathroom floorplan with secure parking, lift access, and a substantial 75 square metres of internal space. The build quality and finish standards are clearly above the area’s older unit stock, with stone-topped kitchens, Miele appliances, engineered oak flooring, and fully tiled bathrooms appearing consistently across comparable residences. That combination of newer construction, generous apartment sizing, and low-maintenance convenience serves downsizers from the nearby prestige housing market, professionals seeking a lock-and-leave footprint, and families wanting access to Ivanhoe Grammar and Ivanhoe Girls Grammar without the upkeep of a detached house. The development itself is cohesive, with 41 residences across five levels, bike storage, and a secure basement environment, giving it a managed, residential feel rather than a transient investor block. For a buyer prioritising quality, security, and proximity to Ivanhoe’s shopping, parkland, and rail links, this property presents as a polished alternative to traditional housing in the suburb.
Value may be shaped by the split between the substantial 1,341 square metre site and the relatively compact 75 square metre building footprint, meaning the purchase price reflects the completed apartment more than the land parcel itself. The major arterial position on Heidelberg Road introduces traffic exposure and a busier streetscape, which might temper some buyer enthusiasm compared to quieter side streets, although the convenience and access to transport and amenities partially offset this. The absence of detected flood, bushfire, or heritage overlays reduces some risk, and the building’s completion status removes construction uncertainty. The strength of the premium apartment segment in Ivanhoe, evidenced by consistent rental demand and a stabilised development, suggests that presentation quality, aspect, and the number of secure car spaces will be the primary levers on eventual value. Buyers should weigh how important a north-east balcony or additional storage is to their own lifestyle, as those features differentiate individual units within the complex.
>> Comparable Sales: 204/1023 Heidelberg Road (circa $1.05M) and 301/1023–1027 Heidelberg Road (total area 220m²) | Property Price Band: $1.0M–$1.1M | Value Drivers: internal finish quality, north-east aspect, secure parking provision
Detailed Independent Property Report prepared by PropCred Analyst team for 1023 Heidelberg Road, Ivanhoe VIC 3079
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Ivanhoe, a north-eastern Melbourne suburb, remains a premium, professional-dominated market. High-income professionals drive demand, supported by tight house supply and quick selling times of 33–48 days. Median house prices range $1.8–$2.0 million, with annual growth between 2.2% and 13% depending on source, reflecting a strong but variable market. Sales volumes are robust, up to 367 transactions in 2025. Future growth is underpinned by established connectivity and strong rental demand, with house rents reaching $800–$856 weekly. Key constraints include affordability limits at these price levels, unit price declines of up to 7.7% signalling supply pressures, and sensitivity to interest rates given the premium price point.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
1341m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!