3/10 Woodmason Road, Boronia VIC 3155
3/10 Woodmason Road, Boronia VIC 3155
Compact unit | mixed stock street | first-home and investor demand | dated but functional | strong transport access
This unit sits in a street where the housing mix works in its favour. Woodmason Road carries both modest older units and larger family homes, so the area attracts a broad range of buyers rather than a single narrow profile. For a first-home buyer, this property offers a realistic entry point into a suburb with solid rail and shopping connections. For an investor, the rental demand appears consistent, supported by the proximity to Boronia Junction and the train station. The unit itself is straightforward — brick construction, single level, with built-in robes and a garage. It is not a showpiece, but it is the kind of property that suits someone willing to update finishes and build equity over time. The lack of overlay complications and the manageable land component add to its appeal as a low-fuss purchase.
The main factor that might shape what you pay is the condition. The unit is described as needing modernisation, which means the price should reflect the work ahead rather than a move-in-ready premium. The configuration is another point to weigh — sources differ on whether it is one or two bedrooms, and that distinction matters for both resale and rental return. If it is a true two-bedder, the value case strengthens noticeably. If it is a one-bedroom unit, the buyer pool narrows and the price should adjust accordingly. The street itself has seen stronger sales for larger renovated homes, but this property is not competing in that bracket. It is competing with other older units, and within that group, its condition and layout will set the ceiling.
|| Comparable Sales: 23B Woodmason Road townhouse sold $701,000; 2/17 Woodmason Road house sold $1,055,000 | Property Price Band: $500,000–$600,000 | Value Drivers: bedroom count confirmation, renovation scope, street location and transport proximity
Detailed Independent Property Report prepared by PropCred Analyst team for 3/10 Woodmason Road, Boronia VIC 3155
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Boronia, outer eastern Melbourne’s sub-regional retail hub with ~40,000 sqm of space, draws families and singles, with owners outnumbering renters. House medians sit near $880,000, up 3.8–6.0% annually; units at $686,500, up 5.4–7.3%. Conditions are firm; houses sell in 21 days, auction clearances hit 74.0% for houses and 84.4% for units. Sales volumes remain solid—273 houses, 246 units—while gross yields range 3.6–3.9% for houses and 4.2–4.4% for units. Growth rests on the retail centre and local connectivity; constraints include household income 14.8% below Greater Melbourne’s average and fluctuating annual sales, indicating affordability pressures and rate sensitivity.
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PropCred Estimated Value
Comparable Sales: 23B Woodmason Road townhouse sold $701,000; 2/17 Woodmason Road house sold $1,055,000 | Property Price Band: $500,000–$600,000 | Value Drivers: bedroom count confirmation, renovation scope, street location and transport proximity
Bedrooms
3
Bathroom
1
Parking
-
Land
255m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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