2/2 Justin Avenue, Glenroy VIC 3046
2/2 Justin Avenue, Glenroy VIC 3046
Townhouse configuration | 2-bedroom infill | Glenroy pocket | Low-maintenance living | Strong transport access
This property sits within a pocket of Justin Avenue where modern townhouse development has replaced older housing stock, offering a compact, low-maintenance layout that suits first-home buyers and investors alike. The configuration aligns with the area’s newer infill product—typically two bedrooms, one to two bathrooms, and a single car space—finished with contemporary kitchens, timber flooring, and split-system heating and cooling. Its position near parks, public transport, and major road links to the city and airport makes it practical for daily commuting, while the street’s mixed character of older homes and newer units keeps the neighbourhood feel established rather than transient. For a buyer seeking a turnkey property without the upkeep of a large block, this townhouse delivers a sensible entry point into a well-connected suburb with steady demand from renters and owner-occupiers.
Value may be shaped by the exact internal layout and whether it offers private outdoor space, as these details often differentiate similar townhouse product in the area. The property’s position within the complex—whether street-facing or rear—could affect noise and privacy, while the absence of major overlays in the immediate vicinity suggests a straightforward purchase. Buyers should weigh the compact land size against the convenience of newer construction, as older detached houses on larger blocks command a premium but require more maintenance. The balance between modern amenity and limited outdoor area might influence how strongly the property appeals to downsizers versus investors, with the latter likely more tolerant of smaller spaces.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/2 Justin Avenue, Glenroy VIC 3046
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
2
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Market Insight
Glenroy, 13 km north of Melbourne’s CBD, offers strong transport links via Glenroy Station and freeway access to the city and airport. Demand is driven by families and investors, attracted to a mix of post-war homes and new developments with schools, shopping and parks nearby. House prices reflect solid momentum: median $850,000, with annual growth between 2.8% and 4.8%; REIV puts the median at $920,000 with a 5.1% quarterly gain. Units sit at $625,000, up 6.8% annually. Houses transact in 27–39 days, indicating competitive conditions. Rental yields are modest for houses (3.6%) but firmer for units (4.7%). Future growth relies on transport connectivity; supply-side constraints remain unquantified.
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PropCred Estimated Value
Comparable Sales: 2/26 Justin Avenue sold $652,850; 1/22 Justin Avenue sold in 2025 | Property Price Band: $600,000–$700,000 | Value Drivers: modern condition, layout efficiency, transport proximity
Bedrooms
2
Bathroom
1
Parking
-
Land
136m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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