162 Victoria Street, Altona Meadows VIC 3028
162 Victoria Street, Altona Meadows VIC 3028
3 bed 1 bath 4 car | side access workshop | 472m² block | first-home and downsizer fit | single-level family layout
The strongest feature here is the four-car capacity with a powered workshop, which is genuinely uncommon for a standard suburban house. Combined with side access, this property suits buyers who need room for a trailer, boat, or trade vehicles, or who simply want a proper workspace without sacrificing the backyard. The single-level layout with built-in robes, ducted heating, and split-system cooling covers the practical essentials, and the pergola adds a usable outdoor entertaining zone. It sits comfortably within Altona Meadows’ established family-housing stock, where medium blocks and modest homes are the norm, so this property’s utility edge gives it a clear point of difference. It will serve first-home buyers looking for move-in condition and downsizers wanting manageable space without stairs.
The one-bathroom configuration is the main constraint, as many modern family buyers expect a second bathroom in a three-bedroom house. That may narrow the buyer pool somewhat, but it also keeps the entry price more accessible. The land size of 472m² is workable rather than generous, and the building’s age—likely pre-1990s based on the last sale in 1992—means some buyers might factor in future updating costs. The location near schools, shopping, and parklands supports solid ongoing demand, and the established street profile suggests stable rather than speculative growth. Buyers should weigh the trade-off between the strong parking and workshop offering against the single bathroom and older build when forming their view on price.
|| Comparable Sales: 161 Victoria Street sold for $770,000; 72–74 Victoria Street units sold for $661,000 | Property Price Band: $680K–$770K | Value Drivers: parking and workshop capacity, single-level layout, land size and street position
Detailed Independent Property Report prepared by PropCred Analyst team for 162 Victoria Street, Altona Meadows VIC 3028
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Altona Meadows is an established, family-oriented suburb in Melbourne’s west, with a median house price around $730,000–$783,000, below the metro median of $955,000. Demand is driven by working families and professionals; a high share of outright owners and a mortgage-heavy minority provide a stable ownership base. House price growth over the year is mixed, ranging from 1.4% to 6.7% by source, while median days on market have risen to 58 and auction clearance has fallen to 48.6%, indicating cooling momentum. Units offer affordability at $550,000–$570,000, with gross rental yields near 4%. Rental demand remains supported by weekly house rents of $500–$520 and unit rents of $440. Future growth rests on connectivity via Point Cook Road and nearby Laverton and Seabrook, plus consistent sales volumes of 227–280 annually. Key risks are softening buyer appetite and a declining local population.
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PropCred Estimated Value
Comparable Sales: 161 Victoria Street sold for $770,000; 72–74 Victoria Street units sold for $661,000 | Property Price Band: $680K–$770K | Value Drivers: parking and workshop capacity, single-level layout, land size and street position
Bedrooms
3
Bathroom
1
Parking
2
Land
472m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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