202/15 Major Street, Highett VIC 3190

202/15 Major Street, Highett VIC 3190
compact 54 m² two-bedder | built 2020 in boutique block | second-floor walk-up | parking included | no flood risk This apartment offers a rare combination of modern build quality and modest footprint in a suburb where newer two-bedroom units are scarce. At 54 m², it is compact but efficient, and the 2020 construction means it benefits from contemporary insulation, double glazing, and builder warranty coverage. The second-floor position in a boutique development reduces noise and improves light compared to ground-level stock, while the single garage space is a genuine advantage over many newer units that rely on street parking. This property is best suited to downsizers seeking lock-and-leave convenience or investors targeting the steady demand from professionals and couples drawn to Highett’s rail and retail access. The compact size may limit appeal for families or those wanting separate study or storage areas, which could narrow the buyer pool and soften price growth relative to larger two-bedroom apartments. Without confirmed balcony or courtyard dimensions, the lack of dedicated outdoor space is a material factor that may reduce desirability for some owner-occupiers, particularly in a suburb where garden access is valued. The building’s body corporate fees and sinking fund history are not disclosed, and these could meaningfully affect ongoing costs and resale appeal. A buyer should seek clarity on these items and consider how the apartment’s efficient layout compares with slightly older but larger units nearby.
Detailed Independent Property Report prepared  by PropCred Analyst team for 202/15 Major Street, Highett VIC 3190
Checks found:
Value Risk
Liquidity Risk
Planning Risk
Income Risk 2
Execution Risk ! 1
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Insight: Highett VIC 3190

Highett’s established bayside positioning attracts families and professionals seeking connectivity and quality schools. Demand is driven by its proximity to beaches and employment hubs, with strong activity in the unit market. Recent price trends show stability in houses but notable divergence in unit performance. Future growth is anchored in its infrastructure and location, though high entry prices and interest rate sensitivity present clear affordability constraints.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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