3/28 Church Road, Carrum VIC 3197
3/28 Church Road, Carrum VIC 3197
Unit-style address within a Church Road complex | Carrum bayside pocket with family demand | Likely low-maintenance attached dwelling | School and beach proximity drive buyer interest
The property presents as a unit or townhouse within a small Church Road complex, which is a meaningful advantage in Carrum’s current market. Attached dwellings of this kind are comparatively rare in this street, where larger detached houses dominate the immediate character. That scarcity works in the property’s favour, particularly for buyers seeking a lower-maintenance footprint without leaving the suburb’s established bayside setting. The configuration likely suits first-home buyers, downsizers, or investors targeting the steady rental demand that Carrum’s proximity to schools, station, and beach supports. Its position within a multi-dwelling complex also suggests a more manageable upkeep profile than the surrounding family homes, which broadens its appeal across buyer groups.
The value picture may hinge on internal condition and layout efficiency more than external factors, given the unit format. Floor level, natural light, and the quality of finishes could materially influence how it compares against other attached stock in the area. The complex’s overall presentation and any shared maintenance obligations might also shape buyer perception, so a careful review of body corporate arrangements is worthwhile. Market conditions for units in Carrum have shown resilience, but the property’s final price may depend on how its size and configuration stack up against what buyers expect from a three-bedroom offering. The absence of a large land component may temper upside compared to houses, though that is balanced by stronger entry-level affordability.
|| Comparable Sales: 6/28 Church Rd villa sold recently in similar range | 9 Church Rd house sold higher on land size | Property Price Band: $800K–$900K | Value Drivers: internal condition, unit size, complex presentation
Detailed Independent Property Report prepared by PropCred Analyst team for 3/28 Church Road, Carrum VIC 3197
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Carrum, roughly 33km from the CBD, is a bayside suburb where beach access anchors demand. House prices hover between $1.005m and $1.101m per source, with annual growth swinging from -1.1% to +23.6%, a volatility that complicates a clear read on momentum. Units trade from $687k to $835k, with growth between -4.7% and +7.4%. Listed houses sit for 41-57 days and sales volumes range from 31 to 76 per annum. Rents are consistent: houses at $625-$693 a week, units at $600, delivering gross yields of 3.1-3.8% and 3.8-4.2% respectively. Family and owner-renter demographics remain unquantified, while no data on supply or rate sensitivity constrains the outlook.
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PropCred Estimated Value
Comparable Sales: 6/28 Church Rd villa sold recently in similar range | 9 Church Rd house sold higher on land size | Property Price Band: $800K–$900K | Value Drivers: internal condition, unit size, complex presentation
Bedrooms
2
Bathroom
2
Parking
1
Land
183m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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