3/40 Morena Street, Highton VIC 3216

3/40 Morena Street, Highton VIC 3216
Modern 3-bed townhouse | Walk to Barrabool Hills | Sheltered position | Balcony outlook | Low-maintenance footprint The property is understood to be a contemporary three-bedroom townhouse within an established residential pocket of Highton. Its configuration is well suited to households seeking a low-maintenance base without sacrificing a modern standard of comfort. The interior is expected to reflect the polished finishes common in the street’s newer stock, including open-plan living, high ceilings, and stone benchtops. The sheltered aspect and balcony outlook add genuine appeal, as does the walkable proximity to Barrabool Hills shopping and the ring road. This is a property that serves professional couples and young families best, offering a practical floorplan with a strong balance of convenience and quiet. Value may be influenced by the property’s compact lot size, which limits scope for extension. The position’s reduced exposure to ring-road noise is an advantage, but future development in the surrounding pocket could alter the streetscape. Presentation and condition are likely to be primary determinants, as townhouse buyers often pay a premium for turn-key appeal. The lack of a large private yard may also be weighed against the convenience of the location. >> Comparable Sales: 38A Morena Street sold for $680,000; 38B Morena Street sold for $800,000 | Property Price Band: $700K-$800K | Value Drivers: condition, layout, aspect and proximity to shopping
Detailed Independent Property Report prepared  by PropCred Analyst team for 3/40 Morena Street, Highton VIC 3216
Checks found:
Value Risk ✓
Liquidity Risk ✕ 2
Planning Risk ✕ 2
Income Risk ✓
Execution Risk ✕ 2
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Market Insight

Highton, an established Geelong suburb, draws first-home buyers and investors; 29.4% of house sales sit between $650k and $749,999, and 30.2% of units between $500k and $599,999. Q4 2025 data puts the median house price at $790,000 with 5.7% annual growth; units at $545,000 with 5.1%. Sales rose 6.6% for houses and 61.9% for units year-on-year. Rental supply for houses fell 16.5% to 237 listings, underpinning a 3.1% gross yield; units yield 4.3%. The $740.7 million project pipeline is inadequate-only 15 houses, 41 townhouses and 39 units planned against 410 quarterly sales. This undersupply, combined with sensitivity to interest rates, will sustain price pressure.
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PropCred Estimated Value

Bedrooms

3

Bathroom

2

Parking

2

Land

210m²

Research & Review Prepared by Steve Dalton, Senior Analyst · Reviewed by Matt Proctor, Principal Analyst
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