3/12 Waratah Avenue, Mordialloc VIC 3195
3/12 Waratah Avenue, Mordialloc VIC 3195
3-bed townhouse on 286m² lot| Rear position in small block of 3| Flood overlay noted| Low-maintenance single-level appeal. This three-bedroom townhouse on a 286m² lot suits downsizers or young families seeking easy single-level living near local schools. Positioned at the rear of a compact block of just three, it delivers enhanced privacy and tranquility compared to street-front options, while the modest land size supports low-maintenance ownership without demanding extensive upkeep. The 286m² footprint allows practical use of space for modern living, balancing indoor-outdoor flow in a townhouse format that minimises yard work. Within Kingston Council’s residential zoning, the flood overlay introduces a layer of due diligence for buyers, potentially tempering immediate interest but not derailing suitability for informed purchasers comfortable with managed risk. Properties like this in Mordialloc’s established pockets typically draw downsizers from larger homes, valuing the single-level layout and double parking for effortless daily routines. Young couples starting out also gravitate here, drawn by proximity to Parktone Primary and Parkdale Secondary catchments that underpin family-oriented demand. Similar townhouses on comparable lots hold steady in the local market, benefiting from Mordialloc’s blend of coastal access and urban convenience that sustains values over time. The rear positioning adds a subtle edge, fostering long-term appeal as buyers prioritise separation from traffic in tightly held streets. Overall, its configuration positions it well for reliable holding value amid shifting preferences toward lock-up-and-leave options.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/12 Waratah Avenue, Mordialloc VIC 3195
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
1
Income Risk
1
Execution Risk
2
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Market Insight
Mordialloc is a highly desirable bayside suburb attracting strong demand from families and professionals. Housing prices typically exceed $1.4M due to strong owner-occupier demand and limited coastal supply. Buyers are drawn to beach access, vibrant cafes and rail connectivity to the CBD. Lifestyle appeal continues to underpin long-term value growth.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
286m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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