3/17 Belvedere Close, Maribyrnong VIC 3032
3/17 Belvedere Close, Maribyrnong VIC 3032
3-bedroom townhouse | Upstairs master with balcony | Deck-focused living | City-fringe convenience | Compact but functional
This townhouse holds a genuine edge in Maribyrnong’s inner-west market. Three bedrooms with the main suite positioned upstairs and a private balcony creates a rare separation of sleeping and living spaces, which suits young families or professionals who want quiet retreat without sacrificing proximity to Highpoint and the river. The downstairs living zone opening to a large deck extends usable space significantly, making the property feel larger than its footprint and supporting the indoor-outdoor lifestyle that many buyers in this pocket actively seek. It serves best as a low-maintenance, lock-and-leave option for owner-occupiers who value convenience and outdoor flow over land size, while its configuration also appeals to investors targeting steady rental demand from those drawn to tram access and retail amenity.
Value may be shaped by the modest single-bathroom layout and allocated single-car parking, which could limit appeal for families needing more flexibility. The absence of confirmed finishes or build era means condition and presentation will carry weight in how buyers perceive its worth. The deck and balcony are strong differentiators, but their quality and orientation may influence final price. Buyers should weigh the compact land component against the lifestyle offering, as this type of townhouse trades on usability rather than land accumulation.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/17 Belvedere Close, Maribyrnong VIC 3032
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
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Market Insight
Maribyrnong’s housing market is soft, with median house prices ranging from $760,500 to $1.208 million and annual growth negative across all sources, from -0.58% to -11.7%. Units are steadier, with one source showing 5.5% growth and rental yields robust at 5.6% for units and 3.28-3.63% for houses, underpinning investor demand. Rental demand is firm: house rents rose 8.1% and unit rents 4.2% over the past year, with low vacancy rates of 1.45% for houses and 0.93% for units. Buyer confidence has retreated, with auction clearance rates down 10.3 percentage points for houses (to 50.6%) and 20.0 points for units (to 40.0%). Annual house sales volumes vary widely across data providers, from 90 to 132, indicating moderate activity. Price volatility, lower clearance rates, and rent growth point to a market balancing affordability pressures against steady rental demand.
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PropCred Estimated Value
Comparable Sales: 1/18 Belvedere Close sold $737,000; 7/4 Belvedere Close guided $880k–$950k | Property Price Band: $700,000–$800,000 | Value Drivers: Condition, deck/balcony quality, layout flow
Bedrooms
3
Bathroom
1
Parking
1
Land
83m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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