3/1A Reid Street, Oakleigh South VIC 3167
3/1A Reid Street, Oakleigh South VIC 3167
Modern 2018 townhouse | low-maintenance infill | family-oriented pocket | strong rental appeal | compact land
This property sits within a cluster of newer low-rise townhouses on Reid Street, built around 2018 and finished to a contemporary standard that suits both owner-occupiers and investors. The configuration is typical of the pocket—open-plan living, modern kitchen with stone benchtops, ducted heating and cooling, and secure parking—which makes it a practical choice for first-home buyers, young families, or downsizers seeking convenience without upkeep. The location is the real edge: walking distance to The Links Shopping Centre, a short drive to Oakleigh Central and Chadstone, and easy access to Oakleigh station, the Monash Freeway, and several well-regarded primary and secondary schools. This is a middle-ring suburban setting where newer stock is scarce relative to older detached housing, so the property competes well for buyers who prioritise move-in condition and lifestyle over land content.
The value of this townhouse may be shaped most by its exact bedroom and bathroom count, internal floor area, and parking arrangement, as these determine how it compares against similar stock in the immediate street. The compact land component—likely under 200 square metres—means the price will reflect the dwelling itself rather than the site, so fitout quality and layout efficiency become critical. A single-level design might appeal more to downsizers, while a dual-level layout with additional bedrooms could attract families. The absence of flood, bushfire, or heritage overlays in the area reduces regulatory risk, and the steady rental demand, with unit rents rising in the suburb, supports investor confidence. Buyers should weigh how the property’s specific features align with their intended use, as the market here is driven by practical amenity rather than scarcity of land.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/1A Reid Street, Oakleigh South VIC 3167
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Oakleigh South is a mature, family-oriented suburb where high household incomes and a 79% owner-occupier rate (41% outright, 38% mortgaged) anchor demand. The median house price sits near $1.2 million, though annual growth signals diverge: some sources show declines of 8–9%, others modest 0.8–4.6% gains. Units show firmer momentum, with medians from $836,000 to $883,000 and a 9.6% quarterly rise in one series. Houses trade in 24–49 days, and sales volume fell 26.5% from last year, pointing to a cooler, price-sensitive market. Gross house yields are thin at 2.7–3.9%, while units yield 4.4%, making houses more reliant on capital growth. Affordability and rate sensitivity are key risks, especially with house rents around $700 weekly and units at $630. Future growth likely hinges on whether unit demand continues to outperform houses.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 3/9 Reid Street sold $860K–$960K; 1/3 Reid Street sold $945K | Property Price Band: $800K–$900K | Value Drivers: bedroom count, fitout quality, parking configuration
Bedrooms
4
Bathroom
4
Parking
2
Land
191m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!