3/61 Well Street Brighton VIC 3186
3/61 Well Street Brighton VIC 3186
Luxury whole-floor penthouse | private rooftop garden | house-sized apartment | prime Well Street location | boutique development.
This property represents a rare offering in Brighton’s prestige market, combining a house-sized internal footprint with a substantial private rooftop gardena configuration seldom available in apartment living. Its top-floor position in a boutique development by noted architects delivers a premium lifestyle, best serving affluent owner-occupiers seeking low-maintenance luxury, ample space, and immediate proximity to Church Street and the bay.
The primary financial consideration is the premium pricing against the broader unit market, with value reliant on sustained demand for ultra-premium apartments. The 2015 construction, while high-spec, necessitates a thorough review of owners corporation records and building integrity. Acquire as a long-term primary residence to justify the outlay; its unique attributes support capital retention in this segment. Propcred provides the essential due diligence on real market valuation, locality risks, and strata health for a secure purchase.
Recent comparable sales within 2km are referenced in the Statement of Information, indicating the agent has benchmarked the price guide against the premium apartment market. Prospective buyers should review these directly to assess the quoted range’s competitiveness.
Detailed Independent Property Report prepared by PropCred Analyst team for 3/61 Well Street Brighton VIC 3186
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
1
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Market Insight
Brighton remains a premier bayside suburb, though its prestige housing market is currently experiencing a period of price consolidation and softening, particularly within the unit segment. Investor demand is a key driver, supported by exceptionally low vacancy rates and solid rental growth, indicating a tight and competitive rental environment. Future performance is likely to be constrained by affordability pressures and sensitivity to broader economic conditions, with a notable divergence in momentum between the slower-moving unit market and the more resilient, albeit cautious, house market.
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PropCred Estimated Value
Bedrooms
3
Bathroom
3
Parking
3
Land
739m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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