107/2 Mascoma Street, Ascot Vale VIC 3032
107/2 Mascoma Street, Ascot Vale VIC 3032
2-bed/2-bath/1-car | inner-west transit pocket | owner-occupier and investor appeal | apartment complex context | parking is a practical edge
A two-bedroom, two-bathroom apartment with secure parking is not commonly seen in this pocket, where much of the unit stock is made up of smaller one-bedroom homes. The property is positioned within a purpose-built apartment development close to tram services, local shops, cafés, and the city, so it is well placed for buyers wanting convenience without the upkeep of a house. It is best suited to first-home buyers, young professionals, and investors looking for a practical inner-west base with strong rental appeal. The second bathroom and parking are meaningful advantages over typical compact apartments, adding everyday function and broader resale appeal.
Value may be influenced by the level of natural light, the floor level, and the quality of finishes, none of which can be confirmed from records alone. A higher floor or quiet aspect might be expected to support a premium, while a lower or street-facing apartment may be more likely to trade at the lower end of expectations. The building’s age and ongoing strata fees might also be weighed in buyer perception, as could the condition of common areas. These considerations are best tested through an inspection of the actual unit and its internal layout.
>> Comparable Sales: 1/7 and 6/7 Mascoma Street one-bed units sold at $225k and $272k | Property Price Band: $650k to $750k | Value Drivers: second bathroom, secure parking, apartment condition and layout
Detailed Independent Property Report prepared by PropCred Analyst team for 107/2 Mascoma Street, Ascot Vale VIC 3032
Checks found:
Value Risk
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Ascot Vale, six kilometres from the CBD, is a tightly held inner-Melbourne market where demand is led by professionals aged 30–39, drawn to its heritage stock, riverside parklands and transport links. House prices sit at $1.32 million, with compound growth of 3.1% annually, though recent sources show flatter momentum (0.3–2.3% yearly growth). Units median $517,000, down 1.5% over the year. Houses take 54 days to sell, up 20% from last year, and sales volumes have fallen 14%, while unit sales are down 28%, signalling cooler conditions. Gross yields remain modest-around 4.9% for houses and 5.1% for units-reflecting firm rental demand. Future growth drivers include proximity to the CBD and a professional buyer pool, but affordability is a key constraint: prices are well above Melbourne’s $974,000 median, and declining transaction activity points to softer demand.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
1385m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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