16 Normanby Road, Bentleigh East VIC 3165

16 Normanby Road, Bentleigh East VIC 3165
Single-level 1960s brick veneer | converted garage studio | parkland pocket Bentleigh East | 590sqm with 39% site coverage | suited to owner-occupier families. The propertyโ€™s competitive strength lies in its rare combination of a flat 590sqm lot with only 39% site coverage and a legally converted studio, giving a buyer immediate flexibility without needing to extend. The polished timber floors, Caesarstone kitchen, and bi-fold doors to a deck with retractable blinds signal that the interior has been refreshed to a standard that competes with renovated stock in the $1.3m range. This house serves best a family seeking a move-in-ready home with a separate space for home office or teenage retreat, in a pocket with strong school and park proximity. The 2016 sale at $1,026,000 and current estimates around $1.3m show steady capital growth, and the $780pw rental potential offers a fallback if plans change. The main risk is that the single bathroom and dated 1965 floorplan limit appeal to downsizers or investors seeking dual-living potential, and the studio, while useful, is not a separate dwelling. The 39% site coverage does leave room for a future rear extension, but that carries cost and council approval risk. The buyer should treat the property as a long-term hold in a stable suburb with 3% annual growth and a 3% rental yield, not a short-term flip. Hold for family use or rent until extension economics improve.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 16 Normanby Road, Bentleigh East VIC 3165
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Market Insight:

Bentleigh East presents a robust market with strong demand from families and investors, evidenced by competitive sales volumes and properties transacting faster than neighbouring suburbs. Recent price growth is underpinned by significant rental demand, particularly for units where values and rents have surged. Future growth is supported by this sustained rental pressure and the suburb’s established appeal, though its premium positioning may present affordability constraints.
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PropCred Estimated Value

Bedrooms

3

Bathroom

1

Parking

2

Land

590mยฒ

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