12A Vincent Street, Mulgrave VIC 3170
12A Vincent Street, Mulgrave VIC 3170
3 bedroom, 1 bathroom, 1 car space unit on a 287m² lot with 99m² internal area. Last transacted in July 2016 for $555,000. Described as modern and tastefully upgraded with built-in robes and an ensuite-effect bathroom.
What makes this property stand out is its unusual configuration—a three-bedroom unit on a substantial 287m² lot, which is far more generous than a typical apartment or townhouse in Mulgrave. This suggests villa-style tenure with private outdoor space, rare for a unit in this price bracket. The modern finishes and ensuite-effect bathroom add genuine appeal for owner-occupiers, particularly first-home buyers or young families seeking a low-maintenance foothold in a well-connected suburb. Its position in Mulgrave offers proximity to major transport corridors, shopping centres, and employment hubs, making it a practical choice for professionals or downsizers who want space without the upkeep of a full house. The combination of three bedrooms and a decent land component gives this property a competitive edge over standard two-bedroom units nearby.
The 2016 sale price of $555,000 provides a useful historical benchmark, though market conditions have shifted considerably since then. The discrepancy in bedroom count across sources—some listing it as two—may affect buyer perception and should be clarified through inspection or title documents. The single bathroom might limit appeal for families or sharers, and the lack of detailed information on aspect, floor level, or building age means a buyer should verify natural light, noise exposure, and structural condition before forming a price view. The property’s current off-market status suggests it may not be aggressively positioned, so a motivated buyer might find room to negotiate if comparable sales in the area support a lower entry point.
Detailed Independent Property Report prepared by PropCred Analyst team for 12A Vincent Street, Mulgrave VIC 3170
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
Execution Risk
2
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Market Insight
Mulgrave is a well-established, family-oriented suburb with strong owner-occupier appeal, evidenced by high auction clearance rates. Demand is driven by young professional families seeking spacious homes in a settled community. The housing market demonstrates robust growth, while the unit segment currently faces price headwinds. Future performance is underpinned by its established character and proximity to the city, though sensitivity to interest rates and unit market softness present key considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
287m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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