301/74 Well Street, Brighton VIC 3186
301/74 Well Street, Brighton VIC 3186
3rd-floor boutique apartment | 3 bed + study flexibility | wrap-around balcony | premium 2022 build | downsizer magnet
Positioned in a boutique 14-residence development completed in 2022, this third-floor apartment stands apart from Brighton’s typically older apartment stock. Its 3-metre ceilings, white-oiled oak floors, honed limestone kitchen island, and premium V-Zug appliance package give it a quality rarely found outside the city fringe. The flexible study-or-third-bedroom layout, wrap-around balcony with built-in barbecue, and two side-by-side car spaces offer genuine comfort for downsizers and professional owner-occupiers seeking lock-and-leave living without surrendering scale. Natural light and treetop outlooks are emphasised, and the 14-unit scale ensures a low-density, private residential feel within walking distance of Brighton’s shops, schools, cafes, and beach.
Value may be shaped by a few factors worth weighing. No cardinal aspect is stated, so sunlight performance across the day should be confirmed on site. The flood overlay detected on the broader street parcel might affect insurance arrangements or require due diligence, although the third-floor position itself is unlikely to be directly exposed. The property’s premium finishes and internal layout are considered strong contributors, while the lack of a clearly stated outdoor exposure or orientation could limit comparison with other luxury units in the building.
Detailed Independent Property Report prepared by PropCred Analyst team for 301/74 Well Street, Brighton VIC 3186
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
1
Execution Risk
2
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Market Insight
Brighton VIC retains prestige bayside appeal, yet the current pricing cycle is mixed. House medians range from $3.125m to $3.31m, with annual growth flat to -8% depending on source; REIV records a 2.8% quarterly dip. Units are the weak spot: Property.com.au shows a 13.8% annual price decline, and REIV an 8.8% quarterly fall. Underlying rental demand is firm—vacancy is a constrained 0.6% against the 3% healthy benchmark, house rents have risen 8% annually, and rented house volumes are up 19%. This is drawing interest from investors seeking yield, while high-income owner-occupiers sustain the premium house segment. The main constraint is affordability and rate sensitivity, with slower unit sales (108 days on market) signalling further downside risk.
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PropCred Estimated Value
Comparable Sales: 1/74 Well Street – settled $2.925M (May 2025); 201/74 Well Street – settled $2.45M (May 2024)|Listed Price Band: $2.9M–$3.0M|Value Indicator: study/third bedroom flexibility, side-by-side car spaces, premium fitting package
Bedrooms
3
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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