3/1 Alfred Street, Beaumaris VIC 3193

3/1 Alfred Street, Beaumaris VIC 3193
Renovated single-level unit | Beaumaris bayside pocket | dual-access courtyard | auction competition likely This property offers a rare combination of a fully renovated interior and a generously proportioned courtyard, which is unusual for a unit in this price bracket. The single-level layout, hybrid timber flooring, and neutral palette reduce the need for immediate capital outlay, while the walk-in pantry and stone finishes signal a standard above typical entry-level stock. The location near beach-end shops and within catchment for Mentone Girls Secondary College broadens buyer appeal to professionals, downsizers, and families, which should sustain auction interest despite the guide sitting below the suburb median. The main risk is the single bathroom, which may limit appeal to couples or investors targeting dual-income tenants, though the separate toilet and wide shower partially mitigate this. The 2022 sale at $602,000 and subsequent renovation suggest the guide reflects cost recovery rather than market momentum, and the 45-day average days on market for Beaumaris units implies patience may be required post-auction if bidding stalls. For a buyer, this works best as a long-term hold in a tightly held suburb, or as a low-maintenance home that avoids major renovation timelines.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 3/1 Alfred Street, Beaumaris VIC 3193
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Market Insight:

Beaumaris is a well-established bayside suburb with a high-income demographic, underpinning its premium positioning. Demand is driven by families, evidenced by strong auction clearance rates and a high proportion of mortgaged owners, indicating active owner-occupier participation. The housing market demonstrates resilience with stable prices and quicker sales, while the unit segment has softened. Future growth is supported by consistent transaction volume and a healthy market score, though the divergence between house and unit performance presents a key consideration for buyers.
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