318/3 Snake Gully Drive, Bundoora VIC 3083
318/3 Snake Gully Drive, Bundoora VIC 3083
Modern 2-bed apartment in parkland setting | Elevated Bundoora location with tram access | Premium finish level above typical stock | Strong rental demand from university and professional base
This unit sits in a newer, amenity-rich apartment complex that stands apart from the older walk-up stock common in Bundoora. The two-bedroom, two-bathroom configuration with secure parking suits both owner-occupiers and investors, and the building’s rooftop terrace, gym, and concierge-style services add genuine lifestyle value. The elevated position near the 86 tram, La Trobe University, and Bundoora Park makes it particularly attractive to first-home buyers, downsizers, and professionals seeking low-maintenance living with convenience and outlook. The parkland setting and light-filled interiors are competitive strengths in this pocket.
The exact floor level and aspect of unit 318 are not confirmed, which may influence light quality and views. Body corporate fees and building management standards are not detailed in available records, and these could affect holding costs. The property’s value may also depend on how the internal fitout compares to other lots in the complex, particularly around balcony size and outdoor space. Buyers should weigh these factors when forming a price view, as they can shift the property’s appeal relative to similar units in the building.
Detailed Independent Property Report prepared by PropCred Analyst team for 318/3 Snake Gully Drive, Bundoora VIC 3083
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
2
URL has been copied successfully!
Market Insight
This suburb is an established family market with high owner-occupancy, indicating demand from owner-occupiers rather than investors. House prices range from $855,000 to $900,000, with annual growth between 0.8% and 4.4%; units are softer at $426,000–$515,000, with growth from –2.7% to 3.0%. Days on market span 26 to 56, and annual house sales of roughly 340–370 point to a liquid but uneven market. Rents are steady: houses at $590–$600 per week, units at $500, yielding 3.4%–3.7% for houses and about 5% for units. Future growth depends on sustained owner-occupier demand; affordability at current house prices and the weak unit segment are the main constraints.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 309C/3 Snake Gully Drive sold around $420,000–$460,000; 307/3 Snake Gully Drive purchased near $402,500 | Property Price Band: $400,000–$500,000 | Value Drivers: internal finish quality, floor level and aspect, secure parking and building amenities
Bedrooms
2
Bathroom
2
Parking
1
Land
1.33 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!