3/21 Yuille Street, Brighton VIC 3186
3/21 Yuille Street, Brighton VIC 3186
Land-rich unit | blue-chip Brighton pocket | low-density character | boutique owner-occupier appeal | rare 497m² parcel
This is not a typical Brighton apartment. A three-bedroom unit on roughly 497 square metres of land sits in a quiet, established street where single-level townhouses and villa-style homes dominate. That land component alone sets it apart from conventional unit stock, giving it a house-like footprint with lower maintenance expectations. The configuration suits downsizers who want space without a full garden burden, or professional couples seeking a premium base close to the village, station, and beach. The street’s character leans toward renovated, low-rise dwellings with strong privacy, and this property likely benefits from that same calm, leafy setting. Its position above the suburb’s median unit price reflects the land-rich nature of the offering rather than any assumptions about internal finishes.
Value may be shaped by how the internal layout uses that generous land. A ground-level format with direct outdoor access would justify a premium, while any need for updating could temper expectations. The long ownership history suggests the property might not have been recently modernised, so condition and presentation could play a meaningful role in how buyers compare it to renovated neighbours. The 1983 last sale hints at minimal turnover, which can mean original features or deferred maintenance. Buyers should weigh the cost of any potential refresh against the rarity of the land size, since comparable low-density units in this pocket are scarce and often hold value well.
|| Comparable Sales: 1/21 Yuille Street sold May 2025 for $1.75M | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, single-level potential, street character and proximity to beach and village
Detailed Independent Property Report prepared by PropCred Analyst team for 3/21 Yuille Street, Brighton VIC 3186
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
2
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Market Insight
Brighton VIC retains prestige bayside appeal, yet the current pricing cycle is mixed. House medians range from $3.125m to $3.31m, with annual growth flat to -8% depending on source; REIV records a 2.8% quarterly dip. Units are the weak spot: Property.com.au shows a 13.8% annual price decline, and REIV an 8.8% quarterly fall. Underlying rental demand is firm—vacancy is a constrained 0.6% against the 3% healthy benchmark, house rents have risen 8% annually, and rented house volumes are up 19%. This is drawing interest from investors seeking yield, while high-income owner-occupiers sustain the premium house segment. The main constraint is affordability and rate sensitivity, with slower unit sales (108 days on market) signalling further downside risk.
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PropCred Estimated Value
Comparable Sales: 1/21 Yuille Street sold May 2025 for $1.75M | Property Price Band: $1.6M–$1.7M | Value Drivers: land size, single-level potential, street character and proximity to beach and village
Bedrooms
3
Bathroom
2
Parking
2
Land
2429m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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