2/32 Hobart Road, Murrumbeena VIC 3163

2/32 Hobart Road, Murrumbeena VIC 3163
Two-storey townhouse | Murrumbeena primary zone | private courtyard | ducted heating and cooling | 153mยฒ block. This townhouse occupies a narrow but defensible position in Murrumbeenaโ€™s tighter stock band: a low-maintenance, two-storey build on its own title with enclosed front garden and rear courtyard, giving it the feel of a small house rather than a stacked unit. The zoning for Murrumbeena Primary and Glen Eira College, combined with walkable train and shopping access, makes it a strong candidate for a first-home buyer or downsizer seeking a lock-and-leave base with genuine street presence. Polished floors and stainless kitchen appliances are standard for the price point, but the indoor-outdoor flow via glass sliding door to a private courtyard adds usable space that competing townhouses on smaller lots often lack. The property suits a buyer who values proximity over square metres and will trade a second bathroom for a private outdoor room. The principal risk is the single bathroom and toilet across two bedrooms, which narrows the buyer pool to couples, singles, or small families and will cap resale competition against two-bathroom peers. The 1999 build is now 27 years old; without recent updates to ducted heating or evaporative cooling, a buyer should budget for potential replacement within five years. The 153mยฒ land size limits future extension, but the existing floorplan is efficient and the absence of heritage or flood overlays removes regulatory friction. Hold this property as a low-effort residence or rental with a yield near 3.6 percent, and exit when the suburbโ€™s school-driven demand cycle peaks again.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 2/32 Hobart Road, Murrumbeena VIC 3163
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Market Insight:

Murrumbeena is a well-established, family-oriented suburb offering strong transport links and urban renewal. Demand is primarily driven by young families and owner-occupiers, attracted by its character and connectivity. The housing market has demonstrated relative stability, while the unit sector has faced recent headwinds. Future growth is underpinned by ongoing infrastructure improvements, though affordability and supply dynamics in the unit market present key considerations.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

153mยฒ

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