246A Parer Road, Airport West VIC 3042
246A Parer Road, Airport West VIC 3042
Modern 4-bed townhouse on 297sqm lot | Dual masters suit multi-gen families | New build in established street | Compact site maximises living space. This four-bedroom townhouse on a 297sqm block suits extended families or professionals needing flexible living near Airport West amenities. The property delivers practical multi-level space with dual master suites, one on each floor, ideal for privacy in shared household setups. Its landscaped front and fitted wardrobes add everyday functionality without excess footprint. Sitting on a compact lot in a street of mixed older homes and recent townhouses, it stands out for contemporary design amid traditional neighbours. Buyers drawn to similar new-build townhouses here often include growing families upsizing from apartments or downsizers valuing low-maintenance luxury. Local market data shows these properties hold steady appeal, with quick sales for well-spec’d 4-beds under 300sqm due to affordability versus larger houses. The new construction ensures longevity, minimising upkeep costs in a suburb where period homes demand ongoing investment. Positioned close to schools and shops, it offers holding value through rental demand from airport workers. Overall, its fresh build and efficient layout position it strongly for buyers prioritising modern utility over expansive land.
Detailed Independent Property Report prepared by PropCred Analyst team for 246A Parer Road, Airport West VIC 3042
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Airport West is an established inner north-west suburb attracting strong demand from families seeking proximity to the CBD. House prices typically exceed $1M reflecting strong owner-occupier demand and redevelopment potential. The suburb benefits from strong transport connectivity and retail infrastructure. Its location near Essendon and major road corridors supports demand.
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PropCred Estimated Value
Bedrooms
4
Bathroom
3
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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