20 Albert Street, Highett VIC 3190
20 Albert Street, Highett VIC 3190
Townhouse-style layout | Highett station walkability | 3-bed family demand | Bayside commuter appeal | Compact land with premium finish.
This property sits within a street that is increasingly defined by modern, low-maintenance townhouse stock rather than older detached housing. That works strongly in its favour for buyers who want the practical advantages of a bayside suburb — train access, a local shopping strip, schools within reach — without the upkeep of a large garden. The most competitive edge here is configuration: a three-bedroom, multi-bathroom layout with garage space suits professional couples, young families, and downsizers alike. It is not a rare or oversized block, but in this pocket, the balance between internal space and external simplicity is exactly what the market has been absorbing well. The property is best matched to owner-occupiers seeking a commuter-friendly home with room to grow, though the rental appetite for this stock type is clearly present.
Value may be influenced by how the internal finishes compare to the higher-spec examples nearby, particularly around kitchen quality, flooring, and bathroom updates. Land size will matter most over time, as the street shows a meaningful spread between compact lots and larger family-oriented townhouses. A smaller parcel might limit upside relative to a bigger neighbour, but it could also price this property more accessibly. Orientation and natural light were not confirmed, so a physical inspection should weigh how those affect liveability. The absence of known overlay constraints in the immediate area is a modest positive for future flexibility.
Detailed Independent Property Report prepared by PropCred Analyst team for 20 Albert Street, Highett VIC 3190
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Highett sits in Melbourne’s bayside corridor, linked to the CBD via Frankston line trains and arterial roads. Demand is led by established families and professionals; 43% of households hold mortgages and the median age is 40. House prices cluster around $1.4m, with recent medians from $1.36m to $1.5m, but annual growth is mixed, from -0.8% to 4.5%, indicating a flat-to-soft market. Units show firmer momentum, with annual growth up to 16.8%, though quarterly swings are sharp. Sales volume for houses is moderate at 148-171 per year; units saw 163 recent sales. Gross yields are modest for houses at 3.0-3.6%, firmer for units at 4.65%. Quality schools including Highett Primary and McKinnon Secondary underpin family demand. Bayside proximity supports future interest, but affordability remains a constraint: auction clearances of 59-80% signal rate sensitivity. Growth will depend on unit supply and interest rate direction.
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PropCred Estimated Value
Comparable Sales: 2/1 Albert Street sold $1.2M range; 35 Albert Street sold $1.4M range | Property Price Band: $1.1M–$1.2M | Value Drivers: internal condition, land size, station proximity.
Bedrooms
3
Bathroom
2
Parking
2
Land
286m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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