108A Collins Street, Mentone VIC 3194
108A Collins Street, Mentone VIC 3194
Single-level townhouse | Mentone retail edge | 3-bedroom layout | 2-car garage
The property’s single-level configuration on a 346m² lot is increasingly rare in Mentone’s townhouse stock, giving it a structural advantage for downsizers and those avoiding stairs. Its position at the retail precinct’s edge reduces pedestrian traffic while keeping daily errands walkable, a practical edge over deeper residential addresses. The 2023 sale date and prior lease history suggest the floorplan and finishes have already been market-tested, lowering the guesswork for an owner-occupier. This property serves best as a long-term home for a professional couple or young family who value immediate amenity over renovation potential.
The main risk is the auction timeline—first listed May 1 and already scheduled for sale suggests the seller may be motivated, but a buyer should verify whether price guidance reflects comparable single-level sales, not the broader townhouse median. The absence of flood or bushfire overlays removes insurance uncertainty, and the Mentone Girls Secondary College zone adds resale depth. For an investor, the $1,000 weekly rent estimate implies a gross yield near 3.8%, acceptable for the suburb but not exceptional. Hold this property as a primary residence to capture lifestyle premium, or as a low-maintenance rental with stable tenant demand from the school catchment.
Detailed Independent Property Report prepared by PropCred Analyst team for 108A Collins Street, Mentone VIC 3194
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Mentone is a well-established bayside suburb positioned for lifestyle and family appeal, with strong transport links and quality schools. Demand is driven predominantly by owner-occupying professionals and families, attracted by its coastal proximity and established amenity. Recent market conditions show varied price momentum across property types, with a discernible sensitivity to interest rate changes affecting auction performance. Future growth is underpinned by its enduring desirability and rental demand, though key constraints include high entry prices impacting affordability and variable sales volumes reflecting broader market caution.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
346m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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