2/124-125 Station Street Aspendale VIC 3195
2/124-125 Station Street Aspendale VIC 3195
1975-built 2-bed townhome | 1070sqm strata lot | Near beach & shops | No overlays | 1 open car space
This property presents a competitively priced entry into a tightly held bayside suburb, with its larger-than-average strata land parcel offering a rare sense of space for a unit configuration. Its position steps from the beach and village shops serves buyers seeking a low-maintenance lifestyle, ideally suiting downsizers or first-home buyers. The absence of bushfire or heritage overlays simplifies the due diligence process.
Proceed with a strata report to scrutinise the capital works fund and any planned levies for the 1975-built complex, as these represent the primary financial risk. The conflicting last-sale data necessitates a title search to confirm ownership history and ensure valuation accuracy. This unit is a hold proposition for lifestyle, not short-term gain. Our report clarifies its real market valuation against recent sales and details locality-specific risks for insurance.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/124-125 Station Street Aspendale VIC 3195
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Aspendale presents as a well-established, family-oriented suburb with a dominant house market, attracting mid-life buyers and small families. Demand is driven by strong recent capital growth momentum and solid auction clearance rates, particularly for houses. The market shows signs of price sensitivity and a recent slowdown in turnover, indicating a shift in conditions where supply constraints and affordability may temper the robust growth trajectory.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1079m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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