2/98 Justin Avenue, Glenroy VIC 3046
2/98 Justin Avenue, Glenroy VIC 3046
3-bed townhouse | ground-floor master | 170 m² block | two-level layout | modern finishes
This townhouse holds a clear competitive edge in Glenroy’s infill market. The ground-floor master bedroom is a rare practical feature for buyers who want single-level living without sacrificing the separation of upstairs bedrooms. The 170 m² block, while compact, supports a low-maintenance lifestyle that appeals strongly to first-home buyers, downsizers, and investors seeking reliable rental demand. Its contemporary facade and quality fixtures position it above older stock in the same corridor, making it a standout choice for those prioritising move-in condition over renovation potential. The upstairs retreat and balcony add versatility, effectively serving as a study or second living area, which broadens its appeal to small families.
Value will likely hinge on how the compact land size compares to buyer expectations for outdoor space, and whether the two-level configuration suits those preferring single-level convenience. The absence of a confirmed build year means condition and presentation may carry more weight in price negotiations. Rental appeal appears solid given the area’s transport and school access, but the final price may vary depending on internal floor area and title structure, which remain unverified. Buyers should weigh the benefit of modern finishes against the trade-off of a smaller yard when forming their price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 2/98 Justin Avenue, Glenroy VIC 3046
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Glenroy, 13 km north of Melbourne’s CBD, offers strong transport links via Glenroy Station and freeway access to the city and airport. Demand is driven by families and investors, attracted to a mix of post-war homes and new developments with schools, shopping and parks nearby. House prices reflect solid momentum: median $850,000, with annual growth between 2.8% and 4.8%; REIV puts the median at $920,000 with a 5.1% quarterly gain. Units sit at $625,000, up 6.8% annually. Houses transact in 27–39 days, indicating competitive conditions. Rental yields are modest for houses (3.6%) but firmer for units (4.7%). Future growth relies on transport connectivity; supply-side constraints remain unquantified.
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PropCred Estimated Value
Comparable Sales: 2/26 Justin Avenue sold at $652,850 for a 2-bed townhouse | Property Price Band: $650K–$750K | Value Drivers: modern condition, ground-floor master layout, low-maintenance land size
Bedrooms
3
Bathroom
2
Parking
2
Land
169m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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