2/101 Marshalltown Road, Grovedale VIC 3216
2/101 Marshalltown Road, Grovedale VIC 3216
Own title townhouse | Grovedale primary zone | 199sqm land | low-maintenance hold
This property offers a rare combination in Grovedale: a two-bedroom townhouse on its own title with no overlays and a 199sqm block. For a buyer, that means no body corporate restrictions and genuine land ownership in a suburb where most comparables are strata-titled. The school catchment is a clear advantage,Grovedale Primary is 300 metres away,and the floorplan at 132sqm is spacious for a unit of this type. It suits first-home buyers wanting a foothold with growth potential, or investors seeking a low-management rental with a midpoint yield near 4.3 per cent. The NBN and 5G coverage add to its lettability without being a primary driver.
The main risk is the limited sales history and zero recent auction clearance data for the immediate street, which makes pricing uncertain despite the confidence in value growth since 2009. The buyer should note that the garage is single and the property requires an appointment-only inspection, so condition cannot be assessed passively. On the upside, the absence of bushfire, flood, or heritage overlays removes costly compliance surprises, and the 2009 purchase price of $257,000 shows the land has appreciated meaningfully. The commercial logic is straightforward: buy for the title and the school zone, hold for the land value uplift, and rent if needed. This is a buy-and-hold property, not a flip.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/101 Marshalltown Road, Grovedale VIC 3216
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
This suburb presents a compelling entry point for buyers, with a clear premium for houses over units reflecting strong underlying demand. The market is characterised by robust growth in house values and a notably brisk sales environment, indicating high buyer urgency and competition. This dynamic is supported by solid rental yields, particularly for units, suggesting sustained investor interest alongside owner-occupier activity. Future performance will hinge on the continuation of these demand drivers against broader economic headwinds.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
199m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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