102A Orrong Road, Elsternwick VIC 3185
102A Orrong Road, Elsternwick VIC 3185
| 4-bed townhouse | 406sqm land | walk to Caulfield Grammar | modern European design
This property offers a rare combination of a generous 406sqm land holding with a contemporary four-bedroom townhouse configuration, which is competitively positioned in a market where similar-sized family homes are scarce. The ground-floor master suite and open-plan living with stacker doors to an alfresco area create a functional layout for families seeking single-level convenience without sacrificing upstairs accommodation. Its location within walking distance to Caulfield Grammar and Harleston Park strengthens its appeal to professional families prioritising school access and lifestyle amenity.
The primary risk is the price guide sitting below the estimated market value, which may attract strong competition at auction and push the final price beyond the upper guide. Buyers should budget for potential bidding above $2.1 million to secure the property, given the limited supply of modern townhouses on this land size in Elsternwick. The 2014 sale history provides no recent price anchor, so a pre-auction building and pest inspection is advised. This property suits a buyer looking for a low-maintenance family home with good land content in a sought-after school catchment, and should be held as a long-term residence rather than a short-term flip.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
This suburb presents a high-value, unit-dominant market with a professional demographic, underpinned by strong educational attainment and secular trends. Demand is driven by owner-occupiers and investors, attracted by the established profile and relative affordability within the unit segment. The market exhibits divergent trends, with houses demonstrating robust long-term growth while unit prices show recent resilience. Future performance will hinge on the balance between sustained professional demand and the inherent supply concentration within the unit market, which presents both opportunity and a key constraint on capital growth.