17/82-86 Atherton Road, Oakleigh VIC 3166
17/82-86 Atherton Road, Oakleigh VIC 3166
2-bed, 1-bath, 2-car configuration | Established low-rise complex | Walk to Oakleigh station and Eaton Mall | Strong rental demand | No confirmed balcony or aspect
This unit sits in a well-regarded pocket of Oakleigh where apartment living meets genuine convenience. The 2-car allocation is a real edge over most inner-suburban units, and the layout suits couples, small families, or investors looking for steady rental appeal. Being close to the station, Eaton Mall, and Monash links makes it practical for professionals and students alike. The building itself is established rather than flashy, but that often means better space and quieter living than newer stock. It serves best as a solid, low-maintenance purchase with dependable demand behind it.
The value here may hinge on internal condition and floor level, since those details are not fully clear. A renovated kitchen or bathroom could lift appeal noticeably, while an upper-level unit with good natural light might justify a premium over a ground-floor option. Rental yield appears healthy based on comparable units in the complex, which supports investor interest. The lack of confirmed communal amenities like a lift or pool is not unusual for this era of building, but buyers should factor in body corporate costs and any shared maintenance obligations when forming a view on price.
|| Comparable Sales: Unit 22 sold $382k, Unit 6 sold $450k | Property Price Band: $400k–$500k | Value Drivers: internal condition, floor level, car space count
Detailed Independent Property Report prepared by PropCred Analyst team for 17/82-86 Atherton Road, Oakleigh VIC 3166
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
This suburb’s median house price spans $1.30M–$1.60M by source, with 12-month growth between -3.2% and 7.2%; units sit near $570k, growing -14% to 2%. Rental yields explain demand: houses return 2.8–2.9%, units 4.7–5.4%, so house buyers are paying for future capital growth rather than rental income. Weekly rents of $650–$690 for houses versus $620 for units reinforce that scarcity and quality drive the premium, not cashflow. Annual house sales of just 63–76 confirm a thin, high-value market, while median days on market of 39–53 indicate only modest turnover. The dominant constraint is affordability: at $1.4M‑plus, buyers are highly rate-sensitive, and any tightening in credit conditions would likely stall price momentum. With no vacancy or demographic data available, future demand remains tied to lending conditions and migration, not local fundamentals. The narrow buyer pool at these price levels is the key risk.
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PropCred Estimated Value
Comparable Sales: Unit 22 sold $382k, Unit 6 sold $450k | Property Price Band: $400k–$500k | Value Drivers: internal condition, floor level, car space count
Bedrooms
2
Bathroom
1
Parking
2
Land
1363m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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