2/39 Davies Street, Altona VIC 3018
2/39 Davies Street, Altona VIC 3018
2-bed unit | 2-car edge | Altona bayside pocket | $730k–$800k guide | low-maintenance buy
This unit holds a clear advantage in its parking provision—two dedicated spaces is genuinely uncommon for a two-bedroom dwelling in this part of Altona, where much of the older stock squeezes into one or none. That alone widens its appeal to owner-occupiers with a car each, or to investors who know tenants in bayside suburbs often weigh parking heavily. The configuration also suits downsizers stepping out of a family house who still want room for a vehicle or storage, and the price guide positions it below the three-bedroom units on the same street, which have traded in the high seven hundreds. For a buyer wanting a foothold in a suburb with rail, beach, and shopping within easy reach, this unit offers a practical, lower-maintenance entry point without sacrificing location quality.
What may shape the final price is the internal condition and layout, which are not visible from the guide alone. If the unit retains original finishes from an older build, a renovator might factor in updating costs, while a well-presented interior could justify the upper end of the range. The absence of confirmed floor level or land size means the property’s value could hinge on whether it sits on the ground floor with private outdoor space, or above with limited external amenity. Buyers should also weigh the stronger parking against the smaller bedroom count compared to nearby sales, as that trade-off may narrow the buyer pool slightly.
|| Comparable Sales: 3/39 Davies Street sold $795,000; 1/61 Davies Street sold $868,000 | Property Price Band: $730,000–$800,000 | Value Drivers: two-car provision, internal condition, unit layout and floor level
Detailed Independent Property Report prepared by PropCred Analyst team for 2/39 Davies Street, Altona VIC 3018
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
URL has been copied successfully!
Market Insight
Altona’s property market is bifurcated by dwelling type. Houses sit at a median near $1.17 million, but annual growth is flat to slightly negative, and REIV data shows a 10.1% quarterly fall. Units are the outperformer: median around $705,000, up 6% annually, with gross yields of 4.27% versus 2.83% for houses. Weekly rents of $630 for houses and $530 for units reinforce the yield gap. Demand is being driven toward attached housing as affordability pressure weighs on the detached segment; houses take 39–71 days to sell depending on the source, and annual house volumes range from 130 to 189 sales. The main risk is further price softening in houses, particularly if rate sensitivity remains acute. Unit pricing is not immune, with an 18.4% quarterly decline reported by REIV, but the segment’s momentum is the key growth driver going forward.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 3/39 Davies Street sold $795,000; 1/61 Davies Street sold $868,000 | Property Price Band: $730,000–$800,000 | Value Drivers: two-car provision, internal condition, unit layout and floor level
Bedrooms
2
Bathroom
1
Parking
2
Land
939m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!