2/3 Edith Street, Oak Park VIC 3046
2/3 Edith Street, Oak Park VIC 3046
2/2 Edith Street, Oak Park | compact villa in tight complex | 2-car allocation rare for size | 158sqm land with 14sqm internal | strong owner-occupier mix
This townhouse presents a rare configuration advantage for Oak Park: two dedicated car spaces on a compact 158sqm lot, combined with a 50% owner-occupier complex that typically signals better-maintained common areas and quieter living. The property sits within a school catchment that includes Pascoe Vale Girls Secondary College, adding buyer appeal for families. For a first-home buyer or downsizer seeking low-maintenance living with parking security, this unit offers a competitive entry point into a suburb with an 81% auction clearance rate and median price of $663,000.
The 14sqm internal area is a notable riskโif this figure reflects total floor space, the property may be functionally cramped and difficult to finance or resell. Without floor plans or sales history, buyers should verify actual livable area and inspect for layout efficiency. The 2020 sale price is unknown, leaving a gap in understanding value growth. However with Oak Parkโs 28-day average days on market and strong clearance rates, demand is evident. A buyer who confirms the internal dimensions and negotiates below the $695,000 guide may secure a property with genuine scarcity in parking and land size.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/3 Edith Street, Oak Park VIC 3046
Market Insight:
Oak Park is a well-established, leafy residential suburb attracting a professional demographic of young families and couples. Demand is driven by its relative affordability and proximity to the city, creating a stable, owner-occupied market. Recent price trends show solid growth, particularly for units, with a competitive auction environment indicating sustained buyer interest. Future prospects are supported by its family-friendly appeal, though the market remains sensitive to broader economic conditions influencing borrowing capacity.