2B Glen Orme Avenue, Mckinnon VIC 3204
2B Glen Orme Avenue, Mckinnon VIC 3204
Three-bedroom townhouse on 442 square metres with one bathroom and a single garage. Heritage overlay applies. Zoned for Ormond Primary and Mckinnon Secondary College. Land area outsizes typical townhouse lots in the suburb. Built in the late twentieth century. The property sits on a street with mixed Victorian and modern stock.
A generous land size is what sets this townhouse apart in McKinnon, as 442 square metres is uncommon for the type, especially within a heritage overlay that reinforces street character. The school zoning is a known demand driver, and the property is well positioned for families seeking catchment access with ample outdoor space. Its place in the suburb-between period homes and contemporary builds-gives it a balanced, established feel. The rental yield of over eight percent is strong for this area, which may also draw investors. This property best serves buyers who value location stability and land size over turnkey condition, as the heritage constraints require some consideration but do not diminish the core attributes that drive long-term demand in this pocket of McKinnon.
The heritage overlay may constrain renovation scope, and external changes could be limited, which might affect long-term value for those seeking modern updates. The single bathroom might be a consideration for larger families, but the robust rental yield and strong school zoning suggest continued demand. These factors should be weighed against the land size and location advantages when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 2B Glen Orme Avenue, Mckinnon VIC 3204
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
McKinnon is a premium bayside suburb where family buyers dominate, drawn by its established character and strong rental growth. Recent house price trends show a stabilising market with some sensitivity to economic conditions, while unit prices exhibit greater volatility. Future demand is underpinned by competitive auction clearance rates, though high entry prices and variable supply, particularly in the unit segment, present ongoing constraints.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
442m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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