3 Bloom Drive, Altona North VIC 3025

3 Bloom Drive, Altona North VIC 3025
4-bed townhouse | 3 bathrooms | 2-car garage | 156mยฒ land | study included This property offers a rare configuration for its street: four bedrooms and three bathrooms in a townhouse format, which is competitively strong against the smaller two- and three-bedroom comparables on Bloom Drive. The study, secure parking, and reverse-cycle air conditioning make it suited for a professional household or small family seeking low-maintenance living with good school catchment access. The estimated rental yield near $850 per week adds investor appeal, though the buyer should note that the 156mยฒ land size limits future subdivision potential. The primary risk is the off-market listing status, which may signal either a motivated seller or limited exposure, potentially allowing a negotiated discount below the $1,088,000 asking price. No flood or heritage overlays reduce due diligence costs, but the small lot means limited capital growth from land appreciation alone. The buyer should hold this as a long-term residential property, using the study and three bathrooms as lifestyle differentiators to command premium rent or resale value over standard townhouses in the area.

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

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Market Insight:

Altona North is a well-established suburb with a diverse housing stock, anchored by its proximity to major industrial employment zones which sustains strong rental demand. Demand is driven by established families and a broad buyer pool, creating competitive conditions for family homes and new builds. Recent price trends have been subdued, with house values showing modest stability while unit values face some pressure. Future growth is supported by ongoing redevelopment, yet the market remains sensitive to broader interest rate movements and affordability constraints.
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PropCred Estimated Value

Bedrooms

-

Bathroom

3

Parking

2

Land

156mยฒ

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