23 Northumberland Drive, Keysborough VIC 3173
23 Northumberland Drive, Keysborough VIC 3173
4 bed modern townhouse | 225m² compact footprint | $830/wk rental demand | 2017 build | Keysborough family pocket
This townhouse holds a clear competitive edge for a family buyer wanting four bedrooms, two bathrooms, and two car spaces without the upkeep of a large block. Built in 2017, it sits in the modern end of Keysborough’s townhouse stock, where newer construction and practical layouts are the norm. The 225m² land size is modest but workable, and the combination of a balcony, courtyard, and fully fenced yard offers outdoor options that many comparable units lack. The strong weekly rent of $830 signals genuine tenant appeal, which matters if you’re weighing future flexibility. This is best suited to an owner-occupier family or an investor who values steady rental performance over land banking.
The 2016 purchase price of $740k and the current rental trajectory suggest the property has appreciated steadily, but the compact land content may limit how much upside remains compared to detached houses. The 4.24% gross yield is solid for a townhouse, yet it reflects a price point where buyers are paying for modern condition and configuration rather than scarcity of land. You might find that the lack of a verified floor plan or aspect means the internal light and layout could vary from expectations, so a physical inspection would clarify whether the north-facing spaces or courtyard orientation add tangible value. The street’s mix of similar townhouses means resale competition could be moderate, but the four-bedroom format keeps it differentiated.
Detailed Independent Property Report prepared by PropCred Analyst team for 23 Northumberland Drive, Keysborough VIC 3173
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
Income Risk
Execution Risk
1
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Market Insight
Keysborough, in Greater Dandenong, is a family-oriented market with 2–5 bedroom houses transacting from $711k and strong auction participation. Demand is led by owner-occupiers and investors, supported by median house rents of $700 weekly and gross yields of 3.45–4.23%. House prices cluster near $1M, with annual growth of 4.4–6.33% across sources; units median around $700k, growing 2.52–7.7%. Sales volumes remain substantial at 316–501 per year, though house sales fell 8.3% year-on-year and days on market lengthened to 52 (up 40.5%). That cooling, alongside a 51.5% drop in unit sales, signals affordability and rate sensitivity. Five-year house gains of 29.61% and persistent rental demand underpin the outlook.
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PropCred Estimated Value
Comparable Sales: 14 Northumberland Drive sold $660k in 2024; 2 Northumberland Drive sold $801k in 2018 | Property Price Band: $900K–$1M | Value Drivers: Modern build quality, four-bedroom layout, strong rental yield
Bedrooms
4
Bathroom
2
Parking
2
Land
225m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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