18/71 Denbigh Road, Armadale VIC 3143
18/71 Denbigh Road, Armadale VIC 3143
penthouse-level 2/2/2 | north aspect | boutique 20-unit block | two-car provision | recently revitalised
A top-floor position within a boutique 20-residence block is rarely found in Armadale’s older apartment stock. Northern light and lift access are provided, not commonly seen in this pocket, and two-car accommodation is offered as an advantage. The interior has been recently revitalised, so it is presented as move-in ready with no immediate work required. The two-bedroom, two-bathroom layout suits downsizers, professional couples, and lock-and-leave buyers near High Street and Armadale Station. It is best used by a buyer prioritising position and building quality over land, with penthouse-level security and privacy.
Value may be driven mostly by the condition and finish of the recent revitalisation, along with the building’s age; older blocks often have smaller floor areas, so lift quality and common areas may be examined. The absence of outdoor space may be weighed, though not unusual here. Position rarity may be expected to support a premium over mid-floor units.
Detailed Independent Property Report prepared by PropCred Analyst team for 18/71 Denbigh Road, Armadale VIC 3143
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Armadale remains a tightly held inner-city market, with units comprising roughly 75% of its housing stock. Demand is driven by affluent professionals aged 30–39, whose high household incomes underpin a premium price point. House prices have softened, with medians near $2.34–$2.35 million and annual falls of 4.0–5.65%; units have corrected harder, down 4.9–9.6% to about $665,000. House selling times compressed to 54 days, down 36.5% year-on-year, but unit days on market stretched to 88, up 22.2%. Clearance rates are fragile at 53.7%, down 26.5%, pointing to patchy buyer demand. Rental performance provides some support: median house rents are $1,100 per week, up 15.8%, while unit yields sit near 4.5%, although one source puts all-residential yield at 3.77%. Sales volumes remain thin at roughly 80–97 house transactions annually, complicating price discovery. No clear near-term growth drivers emerge; the dominant constraints are affordability stress, negative annual appreciation, weak clearance momentum, and rising unit inventory.
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PropCred Estimated Value
Comparable Sales: 20/71 Denbigh Road sold $1,001,000; 10/71 Denbigh Road sold $932,500 | Listed Price Band: $900,000–$1,000,000 | Value Indicator: top-floor position, northern light, two-car provision
Bedrooms
2
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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