2/49 Elstone Avenue, Airport West VIC 3042
2/49 Elstone Avenue, Airport West VIC 3042
Single-level unit | 142m² land | no overlays | strong rental yield | FTTP NBN
This unit presents a competitively strong proposition due to its larger-than-average land parcel for a two-bedroom configuration, which is rare in this format and provides underlying land value security. Its single-level layout, modern finishes, and absence of development overlays reduce complexity for both owner-occupiers seeking convenience and investors targeting stable tenancies. The property is best suited for a first-home buyer or an investor seeking a low-maintenance entry into the Moonee Valley council area with reliable school catchments.
The primary risk is the listed price range sitting notably below automated valuation models, suggesting either a motivated vendor or a market correction; this discrepancy demands immediate validation through comparable sales. The resulting high gross rental yield, approximately 4.2% to 4.8%, offers compelling cash flow logic for an investor. Acquire this property as a long-term hold, leveraging its land component and modern features for capital stability and attractive rental income.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/49 Elstone Avenue, Airport West VIC 3042
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Airport West offers a balanced market with strong accessibility, attracting families and first-home buyers seeking value in its mix of established and newer dwellings. Recent price trends indicate solid growth for houses, while the unit market has shown more stability. Demand is underpinned by its convenient location and lifestyle amenities, though the market’s momentum appears more consistent for houses than units.
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PropCred Estimated Value
Bedrooms
Bathroom
Parking
1
Land
142m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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