2/33 Elmhurst Road, Blackburn VIC 3130
2/33 Elmhurst Road, Blackburn VIC 3130
3 bed townhouse | 2 bath | 2 car garage | boutique block | walk to schools & shops | strong rental yield
This townhouse offers a rare combination of a single-level layout with a private double garage and rear access, which is competitively strong in Blackburnโs market. The 2021 build means modern systems and low maintenance, while the spacious main bedroom with ensuite and walk-in robe appeals directly to downsizers or small families seeking convenience without compromise. The locationโwalkable to Old Orchard Primary, Blackburn High, and Blackburn Squareโadds a demand character that supports both lifestyle and resale. For a buyer, this property positions well as a turnkey home with immediate rental potential at ~$730 per week, aligning with the suburbโs 3.2% yield.
The sale guide of $900kโ$990k sits below the estimated market value of ~$1.1m, indicating either negotiation room or a motivated seller, but this discount comes with the risk of limited recent comparable sales to anchor value. The property last transacted in 1999, so no recent price history is available to verify uplift, and the absence of heritage or flood overlays is neutral but not a differentiator. The opportunity lies in securing below-market entry into a high-demand corridor, with the double garage and rear access adding practical holding value for long-term use or future rental. Hold this property for steady capital growth and rental income, leveraging its low-maintenance edge.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 2/33 Elmhurst Road, Blackburn VIC 3130
Market Insight:
Blackburn presents as a well-established eastern suburb with strong transport connectivity. Demand is driven by a balanced mix of owner-occupiers and investors, evidenced by high auction clearance rates and consistent sales volumes. The housing market demonstrates robust growth, while the unit sector shows more dynamic, albeit varied, performance. Future prospects are underpinned by sustained buyer activity, though market conditions indicate some normalisation in selling times and price sensitivity.