3/58 Chelsea Road, Chelsea VIC 3196

3/58 Chelsea Road, Chelsea VIC 3196
Ground-floor unit | renovated coastal tones | low-maintenance 104mΒ² lot | near primary school & beach This property presents a competitively strong offering for downsizers or first-home buyers seeking a low-maintenance beachside position. Its ground-floor layout on a fully titled 104mΒ² lot is a rare configuration that provides a private, manageable courtyard, a tangible advantage over typical strata units. The modernised interior and lack of overlays streamline the purchase, positioning it for stable rental demand or comfortable owner-occupancy. Proceed with caution on the conflicting build age, as a 1970 construction would imply higher future maintenance costs versus the stated 2005. The price seeks a premium for its renovated condition and land component; secure it only within the lower range of its estimate. This unit is best held as a long-term hold, leveraging its school proximity and yield for gradual capital growth, not short-term gain. Recent comparable sales within 2km support the current asking range. While specific addresses are not provided, the statement of information cites three sales, indicating active market validation for similar properties in the area. Your offer should be calibrated against these verified transactions, not the vendor’s aspirational price.

Independent, Unbiased Research Report for this property by PropCred Analyst teamΒ 

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Market Insight:

Chelsea presents as a stable, professional coastal suburb with a growing population. Demand is anchored by young professionals, reflected in the demographic profile, supporting a resilient owner-occupier market. Recent house price trends have been mixed, with a softening sales environment indicated by increased days on market and a lower clearance rate, while the unit segment has shown relative strength. Future growth will rely on sustained demand from this demographic cohort, though the market’s current sensitivity to broader economic conditions presents a notable constraint.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

1

Land

104mΒ²

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