3/153 Melbourne Avenue, Glenroy VIC 3046
3/153 Melbourne Avenue, Glenroy VIC 3046
This is a 3-bedroom, 2-bathroom ground-floor townhouse on a 190m² lot with 2 car spaces, gas heating, and no bushfire risk in the Moreland council area. Street facing with available floor plans, the property benefits from a compact but functional layout, though finishes and building age are not detailed; the site sold in 2018, suggesting recent refurbishment or redevelopment.
This townhouse is considered a competitively rare offering in Glenroy, where most 3-bedroom homes sit on larger standalone blocks. Its combination of three bedrooms, two bathrooms, and two dedicated car spaces on a manageable lot is well suited to young families and first-home buyers seeking low-maintenance living without compromising on space. The property sits in a suburb that offers strong transport links, including proximity to the train station, and appeals to buyers priced out of inner-north neighborhoods. It serves a buyer who values convenience and modern townhouse configuration over expansive garden space, and its street facing position adds a layer of privacy and curb presence that terrace style units often lack within medium-density developments.
The small lot size may limit future extension potential, which could affect long term capital growth compared to larger block properties. The discrepancy in reported car spaces across listing platforms introduces a risk of actual allocation being less than advertised, potentially affecting convenience and resale appeal. The building’s age and renovation history are unknown; if improvements were cosmetic only, structural or mechanical issues may emerge over time. Proximity to the Hume Freeway could bring traffic noise, and while Glenroy’s rental demand is solid, distance from the CBD might moderate price appreciation relative to inner suburbs. A thorough inspection of floor plans and car space allocation is advised before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/153 Melbourne Avenue, Glenroy VIC 3046
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Glenroy is a well-connected northern suburb experiencing steady demand from both families and investors, drawn by its mix of established and new housing, strong transport links, and proximity to the city and airport. The market shows solid growth, with houses and units appreciating at a healthy pace, supported by consistent sales volume and competitive days on market. Future demand is underpinned by its established infrastructure and evolving residential appeal, though its ongoing growth is subject to broader economic conditions influencing buyer sentiment.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
191m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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