13/5 Taylor Avenue, Aspendale VIC 3195
13/5 Taylor Avenue, Aspendale VIC 3195
Beachside apartment | two-bedroom flat | short walk to sand | formal lounge and balcony | basement parking included
The property’s configuration is uncommon for a beachside unit at this price point. A formal lounge separate to the living area gives genuine flexibility for a buyer wanting distinct zones without moving to a house. The balcony and basement parking are rare in older-style flats near Aspendale beach, and they shift this unit above comparable stock in the immediate strip. It suits a downsizer seeking a lock-and-leave with separation of space, or a professional who values proximity to the station and beach over square metres. The lack of heritage or flood overlays reduces friction for future renovations or strata improvements, which is a quiet advantage in this council area.
The primary risk is the valuation gap. The listing sits above the lower end of the estimated range, and the property last traded in 2017, meaning the current price reflects a sharp recent uplift that may not yet be tested by settled sales. The unit is part of a larger 1882m² lot, so buyers should confirm the body corporate position on sinking fund and any upcoming special levies. The opportunity lies in the walk-to-beach location and the formal lounge—features that hold resale appeal even if the market softens. If the price can be negotiated closer to $880,000, the property becomes a defensible hold for medium-term capital growth or a stable rental yielding near 3.8 percent.
Detailed Independent Property Report prepared by PropCred Analyst team for 13/5 Taylor Avenue, Aspendale VIC 3195
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Aspendale presents as a well-established, family-oriented suburb with a dominant house market, attracting mid-life buyers and small families. Demand is driven by strong recent capital growth momentum and solid auction clearance rates, particularly for houses. The market shows signs of price sensitivity and a recent slowdown in turnover, indicating a shift in conditions where supply constraints and affordability may temper the robust growth trajectory.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1882m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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