2/27 Fourth Street, Black Rock VIC 3193
2/27 Fourth Street, Black Rock VIC 3193
low-maintenance unit | prime beachside pocket | downsizer appeal | quiet residential street | strong rental demand
A rare small-format holding is positioned within a predominantly detached-house streetscape, offering a practical entry into one of Bayside’s most established residential pockets. The unit is understood to suit owner-occupiers seeking a secure, low-maintenance base without sacrificing proximity to schools, retail, and the foreshore. Its compact configuration serves downsizers and professional couples particularly well, while the high-quality neighbourhood character adds a layer of desirability that transcends the property’s size.
The property’s value may be influenced by its aspect and internal layout, with a north-facing orientation or private outdoor space potentially commanding a premium. Shared walls or limited natural light might reduce appeal, while the condition of fixtures and the building’s age could affect renovation needs. A dated presentation may offer scope for cosmetic updates, but the absence of a freehold land component might cap long-term growth.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/27 Fourth Street, Black Rock VIC 3193
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✓
Income Risk
✓
Execution Risk
!
1
Market Insight
Black Rock is a high-value bayside suburb with an older demographic—median age 50—and median house prices around $2.3 million. Demand is driven by established, equity-rich buyers prioritising lifestyle and permanence, yet the market is cooling: house prices fell 3.5% annually on 56 sales, with units down 9.6% to a $1.27 million median. Houses average 49 days on market, and rental yields are thin at 2.6% for houses and 3.7% for units, underscoring rate sensitivity. Supply is constrained, but affordability is the key risk, particularly for units, which posted an 8.8% quarterly decline.
PropCred Estimated Value
Comparable Sales: 1/12 Fourth Street unit sold at $1.28M | Property Price Band: $1.2M-$1.3M | Value Drivers: layout, location, presentation
Bedrooms
2
Bathroom
1
Parking
1
Land
138m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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