32 Mills Boulevard, Alphington VIC 3078

2 bed 2 bath townhouse | 6.5 km to CBD | Yarra Bend eco-community | post-2022 sale This property presents a competitively strong two-bedroom offering within the master-planned Yarra Bend precinct, a rare configuration providing dual bathrooms in a segment often limited to one. Its position within a larger, amenity-rich development near parklands and transit aligns it with a buyer seeking a low-maintenance lifestyle with contemporary community features, serving best as a primary residence for a professional or downsizer. The unit’s value is intrinsically tied to the ongoing evolution of the broader site; future development phases will dictate neighbourhood character and could pressure strata costs. Your decision hinges on acquiring a modern, convenience-oriented property with a premium for its specific community positioning, accepting the inherent lack of individual land control. Hold for medium-term capital growth linked to precinct completion, not for land banking or significant alteration. The property sold for $980,000 in April 2022. Current automated estimates show a range from $952,000 to $1.02 million, indicating market volatility and the limited precision of algorithmic valuations for unique, development-based properties. This spread, alongside the prior listing range of $890,000-$975,000, suggests the 2022 sale was near the top of its then-market cycle. For you, this recent sale provides a credible anchor point, but the conflicting current estimates underscore the necessity of a bespoke, comparative valuation to establish a true negotiation position today.