4/22 Myrtle Grove, North Shore VIC 3214
4/22 Myrtle Grove, North Shore VIC 3214
Compact 4-bed townhouse | 176m² lot | Off-market | Near foreshore | Mixed infill suburb
The property is presented as a compact four-bedroom townhouse on a 176 square metre lot, placing it as a genuinely medium-density product within a street where larger landholdings are common. The four-bedroom configuration is seen as a practical advantage for owner-occupiers, downsizers, or investors seeking rental flexibility. The absence of flood, bushfire, or heritage overlays is viewed as a planning advantage. Foreshore proximity is regarded as a strong everyday amenity. This townhouse is best suited to buyers who prioritise usable internal space over land area and who want a foothold in an established, value-driven suburb rather than a prestige enclave.
Value may be influenced by the compact lot size relative to neighbouring houses, as larger blocks in the area tend to carry stronger redevelopment narratives. The property’s presentation and internal condition may also be considered in buyer perception, given the lack of verified finish detail. Its townhouse form might be seen as limiting the land-value upside available on bigger parcels, but the four-bedroom layout could be expected to support broader buyer interest. The absence of recent same-building sales means pricing may need to be tested against comparable townhouse transactions in the immediate area.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/22 Myrtle Grove, North Shore VIC 3214
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
Execution Risk
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Market Insight
North Shore leverages its proximity to the expanding Port Phillip ferry services, offering residents a highly targeted lifestyle and infrastructure advantage. Investors tracking the decentralization of government agencies are aggressively driving the housing demand here to secure a foothold in this specific postcode. Current valuations show excellent fundamentals, driven by sustained population migration to the region.
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PropCred Estimated Value
Comparable Sales: 1/22 Myrtle Grove sold for $640,000; 13B Myrtle Grove sold for $550,000 | Property Price Band: $650K–$750K | Value Drivers: condition, four-bedroom layout, land size
Bedrooms
4
Bathroom
2
Parking
2
Land
176m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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