2/24 Strathallan Road, Macleod VIC 3085
2/24 Strathallan Road, Macleod VIC 3085
Boutique two-bedroom townhouse | rail-and-village walkability | suited to owner-occupiers and investors | compact, low-maintenance format
This townhouse is part of a boutique four-residence development, where a level of privacy is rarely found in larger blocks. The two-bedroom, two-bathroom, one-car configuration is compact and practical, and it is well suited to buyers who do not need a large garden. Its position near the station, village shops, cafes and parklands is the strongest advantage, and everyday convenience is offered in a way that is hard to match for a property of this size. Amid a suburb of older houses and modern infill, this unit is best suited to first-home buyers, downsizers and investors wanting a low-maintenance townhouse with rental appeal.
The value of this townhouse may be shaped by internal finish quality and the condition of the shared building, as presentation is given significant weight in boutique developments. Limited outdoor space and a single parking bay might be viewed as constraints for some buyers, while a premium could be supported by the low-maintenance layout among location-focused buyers.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/24 Strathallan Road, Macleod VIC 3085
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
1
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Market Insight
The suburb, with a population just under 10,000 and a median age of 43, shows a mature family profile. Demand is driven by families, consistent with the three- and four-bedroom house medians of $1.013m and $1.33m. House prices have corrected over the past year: most measures show declines of 0.9% to 9.6%, with one index recording a 7.6% rise. Units have also softened, falling 4.9% to 10.8% depending on source. Houses sell in a median 28 to 43 days, while rental yields sit at 2.8–3.1% for houses and 3.8–4.1% for units, with weekly rents of $620 for houses and $550–$580 for units. The elevated entry price and recent price falls point to affordability constraints as the key limiting factor. Growth drivers beyond the existing school catchment are not established.
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PropCred Estimated Value
Comparable Sales: 1/25 Strathallan Rd (3 bed, 2 bath) sold low $900,000s; 4/24 Strathallan Rd (3 bed, 2 bath) sold high $800,000s | Property Price Band: $700,000 to $800,000 | Value Drivers: condition, layout, village-station walkability
Bedrooms
2
Bathroom
2
Parking
1
Land
204m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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