2/17 Collocott Street, Mordialloc VIC 3195

3-level townhouse | Mordialloc Village walkability | double auto basement garage | auction May 2026 The property’s configuration as a three-level townhouse with a double basement garage is uncommon in this segment and provides genuine positional advantage for buyers wanting secure parking near the village. The main bedroom on the entry level with ensuite and walk-through robe suits downsizers or professionals who prefer single-level living for daily use, while the upper level’s separate bedrooms and playroom work for families with older children. The paved courtyard with high fences offers private low-maintenance outdoor space, and the location within walking distance to Mordialloc station, beach, and the village’s food and entertainment precincts gives this property a lifestyle edge that typically holds demand across market cycles. Ducted heating and cooling plus reliable NBN round out the package for remote workers. The primary risk is the 141–143m² land footprint, which limits future extension potential and may feel constrained for families needing more internal space. The three-level layout, while clever, introduces stairs that could be a drawback for buyers with mobility concerns or young children. The property sits outside flood, bushfire, and heritage overlays, which reduces insurance complexity. Given the last sale at $800,000 in 2020 and current estimated value of $955,000, the listed range appears positioned below peak market, offering potential entry below replacement cost for a well-configured townhouse in this corridor. Hold for steady capital growth driven by Mordialloc’s ongoing amenity improvements and beachside demand rather than expecting rapid appreciation.