3/25 John Street, Mordialloc VIC 3195
3/25 John Street, Mordialloc VIC 3195
2-1-1 unit | small 5-home group | beach-station walk | modern coastal fitout | carport courtyard
This compact unit is positioned within a small five-residence group, a configuration that is rarely found in newer developments. A lower-density feel is offered by the small group, while a low-maintenance bayside lifestyle is delivered through the modernised coastal interior, carport, and private courtyard. Proximity to the beach, Main Street dining, and the station is considered a significant advantage, as walkability is highly valued in this pocket. The unit is best served for downsizers and first-home buyers who prioritise convenience and minimal upkeep, though its rental appeal is also strong given the consistent demand for compact dwellings near the coast.
The eventual value may be influenced by the unit’s aspect and floor level, given that orientation is a known price driver in this beachside area. The level of finish and the condition of the shared building might also be relevant, as the property’s comparative position is affected by these factors. A view on price may be formed by weighing the size of the private outdoor area against other low-maintenance units, since that balance can materially shift perceived worth.
>> Comparable Sales: 5/5 John Street sold for $735k | Property Price Band: $700K–$800K | Value Drivers: modern coastal condition, courtyard and carport, walkable beachside location
Detailed Independent Property Report prepared by PropCred Analyst team for 3/25 John Street, Mordialloc VIC 3195
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Mordialloc, a bayside suburb 24km southeast of Melbourne, trades on its marina, beaches and Main Street café strip. Demand is lifestyle-driven, with the unit market outperforming houses: median unit price is $697,500–$727,500, with annual growth of 3.9%–8.6%, while houses range from $1.355M–$1.405M, with growth of 1.8%–6.5%. Units spend 38 days on market versus 43–48 for houses, and deliver 4.0–4.2% gross rental yields against 2.82% for houses. Weekly rents are $725–$834 for houses and $560–$600 for units. The tighter unit market and superior yield suggest investor and lifestyle demand converging on compact stock, while house pricing reflects a mature, slower-appreciating segment.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
-
Land
652m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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