205/4 Station Street, Blackburn VIC 3130
205/4 Station Street, Blackburn VIC 3130
2 bed 1 bath 1 car | 2017 build | Blackburn station precinct | school zoning | low-maintenance unit
The property holds a genuine competitive edge within its segment. Being a 2017 apartment near Blackburn Station, it combines a modern construction standard, secure parking, and a walkable village location that much of the suburb’s older unit stock cannot offer. That mix appeals most strongly to downsizers and professionals who want rail-linked convenience without the upkeep of a house. The school zoning adds practical value for younger family buyers, while the building’s stable owner-occupier tenure suggests well-cared-for common spaces and consistent demand. For a buyer seeking a low-maintenance foothold in a well-connected eastern suburb, this unit sits above the typical local standard.
Value might hinge on the limited outdoor space and the density of the immediate streetscape. The single bathroom could narrow appeal among family buyers, though it aligns well with the target profile. Capital growth may track the broader unit market, but the station proximity provides a defensive floor. Since aspect and natural light were not confirmed, a physical inspection for outlook and noise is worthwhile. The 2017 build leaves little renovation upside, so any negotiation should weigh floor level and orientation.
>> Comparable Sales: 305/4 Station Street, 2-bed apartment, sold $525,000 | Property Price Band: $500,000–$600,000 | Value Drivers: 2017 construction, station precinct, school zoning
Detailed Independent Property Report prepared by PropCred Analyst team for 205/4 Station Street, Blackburn VIC 3130
Checks found:
Value Risk
âś“
Liquidity Risk
!
1
Planning Risk
!
1
Income Risk
âś•
2
Execution Risk
!
1
Market Insight
Blackburn, east of Melbourne, combines established road and rail connectivity with a stable owner-occupier base: 38% mortgaged, 38% outright owners, 21% renters. Houses have a median of $1.65 million, growing 6.8–9.0% annually; units range from $801,000–$872,500, with growth up to 27.9% in some data. Auction clearance rates are firm at 71.9% (houses) and 83.3% (units), with houses selling in 28 days. Infrastructure access and strong family demand support future growth, yet affordability, rate sensitivity, and days on market rising to 46 for houses are key risks. Supply remains limited, with 34 listings in Blackburn North and 15 in Blackburn South. Data inconsistencies across sources point to market fluctuation.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
722m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst