2/11-13 Ramsay Street, Bayswater North VIC 3153
2/11-13 Ramsay Street, Bayswater North VIC 3153
Compact unit configuration | Prime walk-to-shop location | Low-maintenance townhouse feel | Strong owner-occupier appeal | Strata-title constraints
This unit is positioned as a low-maintenance alternative within a suburb that is otherwise characterised by larger family homes. Its configuration is well suited to buyers seeking a lock-and-leave lifestyle, with proximity to daily amenities likely to be a central advantage. First-home buyers, downsizers, and investors are served best by this property, as convenience is valued over land area. A distinct niche is occupied in the local market, as its compact form is rarely found where newer infill housing is typically designed for families. Reduced upkeep responsibilities are suggested by the location within a small complex, which is a meaningful draw for time-poor buyers.
The value of this unit may be influenced by the quality of its shared common areas, the condition of the internal finishes, and the level of natural light or aspect. Periodic fees may be imposed by its strata title, which should be weighed against the benefit of lower maintenance. Liveability might be affected by orientation and floor level, while a limiting factor for some purchasers could be the absence of private outdoor space. Future saleability may be influenced by the management of the complex and the presence of any dated elements.
>> Comparable Sales: 25 Ramsay Street sold $960,000; 202 Bayswater Road sold $1,020,000 | Property Price Band: $850,000–$950,000 | Value Drivers: condition, layout, location
Detailed Independent Property Report prepared by PropCred Analyst team for 2/11-13 Ramsay Street, Bayswater North VIC 3153
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Bayswater North is an established eastern Melbourne suburb where house values sit near $928,000, with annual growth of 4.1–5.2% and a median of 22–34 days on market. Buyers are predominantly owner-occupier families, evidenced by sales spanning two- to five-bedroom homes up to $1.3 million, while investors are drawn by unit yields of 4.25% and weekly rents of $520. Unit prices are softer at $647,000–$685,000, with growth largely flat and clearance rates at 46.2%. Houses cleared at 67.5%, reflecting stronger demand, and annual volumes of 90 houses and 105 units show active turnover. Road connectivity via Canterbury and Elmhurst Roads supports accessibility, though no major infrastructure upgrades are identified. Risks include a lengthening selling period from 22 to 34 days for houses, and inconsistent median price estimates across sources, signalling affordability sensitivity and potential price variance. Auction activity for units underperforms, and limited vacancy data leaves rental market depth unquantified.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
962m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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