3/297 Liberty Parade, Heidelberg West VIC 3081
3/297 Liberty Parade, Heidelberg West VIC 3081
Townhouse, 2-bed, 1-bath, 178m² | Sold $638k in 2022 | Modern low-maintenance infill | Courtyard living near Darebin Creek | Compact but well-finished
This townhouse holds a clear competitive edge in Heidelberg West because it offers a genuinely modern, low-maintenance product in a pocket where much of the stock remains older detached housing. The 178m² allotment is compact, but the two-level layout with a courtyard, stone benchtops, Bosch appliances, and split-system heating and cooling on both levels means the property functions well for a small household without the upkeep of a traditional house. It sits in a quiet, low-density block of only six townhouses, which gives it a more private, settled feel than many newer infill developments. The location near Darebin Creek parklands, Northland Shopping Centre, and La Trobe University makes it particularly well suited to first-home buyers, downsizers, and investors who prioritise convenience and ease of living over land size. The 2022 sale at $638k shows the property has held its value through a softer market, and the current asking range sits slightly below that, which may reflect broader market conditions rather than any weakness in the property itself.
The main value considerations for this townhouse centre on its compact land size and the mixed character of the surrounding street. The 178m² allotment limits future extension potential, so buyers should view this primarily as a lifestyle purchase rather than a development opportunity. Parking appears inconsistent across records, with some sources showing one space and others two, so it would be wise to confirm the exact configuration before committing. The property may also face some competition from detached houses on larger blocks in the same street, which could appeal to buyers wanting more space. However, the modern finishes, low-maintenance design, and strong rental demand from nearby employment and education hubs should support steady value growth over time.
|| Comparable Sales: 1/199 Liberty Parade sold $590k Sep 2024; 3/297 Liberty Parade sold $638k Feb 2022 | Property Price Band: $590k–$690k | Value Drivers: modern finish quality, compact land size, low-maintenance layout, proximity to parkland and retail
Detailed Independent Property Report prepared by PropCred Analyst team for 3/297 Liberty Parade, Heidelberg West VIC 3081
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
Execution Risk
1
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Market Insight
Heidelberg West, 12 km from Melbourne CBD, retains its post-war Olympic Village character with wide streets and community housing. First-home buyers and investors are driving demand, drawn by proximity to La Trobe University and local employment hubs. House prices are flat: medians sit near $788,000 with annual growth of 0.9–1.3%. Units range from $683,000 to $700,000, though growth varies sharply, from -0.7% to 20.0% across sources. Houses sell in 27–40 days, indicating balanced demand. Gross rental yields are 3.4–3.5% for houses and 4.5–4.8% for units; weekly rents are $565–$590 for houses and $600 for units. Infrastructure upgrades and urban renewal are the key forward drivers.
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PropCred Estimated Value
Comparable Sales: 1/199 Liberty Parade sold $590k Sep 2024; 3/297 Liberty Parade sold $638k Feb 2022 | Property Price Band: $590k–$690k | Value Drivers: modern finish quality, compact land size, low-maintenance layout, proximity to parkland and retail
Bedrooms
2
Bathroom
1
Parking
2
Land
178m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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