4/177 Mountain View Road, Greensborough VIC 3088
4/177 Mountain View Road, Greensborough VIC 3088
2 bed unit | 164m² land | sold $675k Nov 2024 | low-rise Greensborough pocket
This unit sits on a notably generous 164m² lot, which is uncommon for a two-bedroom unit and suggests a more spacious, house-like footprint rather than a compact modern apartment. The recent sale at $675,000 places it in a price bracket that suits first-home buyers or downsizers seeking an established low-rise environment with parking. The building’s style, inferred from a similar unit, likely offers light-filled living areas and practical finishes, making it a solid entry point into Greensborough without the density of newer developments. Its strongest competitive edge is the land component, which provides more private outdoor space and potential for modest landscaping.
The price growth from $550,000 in 2020 to $675,000 in 2024 reflects steady capital appreciation, but the lack of verified interior details means the condition and renovation level remain unknown. If the unit is in original condition, a buyer may need to budget for updates, which could affect the net value. The absence of school zone and rental data limits yield projections, so the property is best suited to an owner-occupier rather than an investor seeking immediate returns. The floor level and aspect are not confirmed, but a ground-floor unit in a low-rise block typically offers easy access and quieter living, though it might face noise from the street.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/177 Mountain View Road, Greensborough VIC 3088
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
URL has been copied successfully!
Market Insight
Greensborough presents as a stable, family-oriented suburb with a resilient market characterised by brisk sales activity and strong rental demand, particularly for units. Recent price trends show modest growth for houses while unit values have remained steady, reflecting a balanced market with houses transacting quickly. Future demand is underpinned by consistent buyer interest and healthy rental yields, though potential risks include sensitivity to broader economic conditions and some volatility in the unit auction market.
URL has been copied successfully!
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
164m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!