2/21 Electra Avenue, Ashwood VIC 3147
2/21 Electra Avenue, Ashwood VIC 3147
Townhouse, four-bed, three-bath, dual-car | Large 949 m² parent site in a low-rise GRZ2 pocket | Golf course, trail, and station within easy reach | Newer high-spec stock dominates the immediate market | Redevelopment activity nearby adds both supply and character shift
This townhouse occupies a strong position within Ashwood’s medium-density corridor, where the parent lot’s size and corner configuration allow for a more generous footprint than typical infill. The double-storey form, paired with four bedrooms and three bathrooms, suits families seeking space without land maintenance, as well as downsizers who want modern finishes and a lock-and-leave lifestyle. Its placement opposite the golf course and near the Gardiners Creek Trail and Jordanville station gives it a quiet, recreational edge that many comparable townhouses lack, while the GRZ2 zoning context confirms the area’s shift toward newer, well-designed dwellings. The buyer profile here leans toward owner-occupiers prioritising schools, transport, and open space, with investors also drawn to the strong weekly rental potential that newer four-bedroom stock in this street supports.
The value picture may be shaped by the surrounding redevelopment pipeline, including approvals for additional dwellings and a larger apartment proposal nearby, which could bring construction activity and temporary disruption. The corner-site exposure, particularly along the Huntingdale Road interface, might reduce privacy and increase traffic noise for some units, though the townhouse format itself mitigates land-related costs. Finishes and condition will likely drive buyer perception more than land size, given the newer stock’s premium inclusions, while the absence of overlay constraints suggests a straightforward holding. Buyers should weigh the balance between established character and ongoing densification when forming a price view, as the street’s mix of older houses and new townhouses creates a varied but upward-trending market.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/21 Electra Avenue, Ashwood VIC 3147
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Ashwood, in Melbourne’s inner east, sits near major roads, train stations and local amenities. Demand is led by young families, with high owner-occupancy and strong school catchments. Median house prices range from $1.43m to $1.5m, with annual growth of 0.7%–2.77%; units show mixed signals, with YIP recording 12.62% growth but Property.com.au and Woodards showing declines. Sales volume is moderate at 76–99 houses annually. Rental demand remains firm: house rents $665–$750 weekly, units around $700, with gross yields 2.2%–3.4% for houses and 3.67%–3.9% for units. Future drivers include infrastructure access and family housing stock, but high entry prices and rate sensitivity constrain growth.
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PropCred Estimated Value
Comparable Sales: 19A Electra Avenue sold March 2026 for $1.36M; 1/27 Electra Avenue sold May 2025, refreshed unit | Property Price Band: $1.3M–$1.4M | Value Drivers: Modern finish quality, parent lot size, corner-site layout and proximity to open space and transport
Bedrooms
2
Bathroom
1
Parking
1
Land
669m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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