4/87-115 Nelson Place, Williamstown VIC 3016
4/87-115 Nelson Place, Williamstown VIC 3016
Modern unit in Waterline precinct | Strong two-car parking | Heritage waterfront strip | Low-maintenance bayside living | Established location
This unit is positioned within a modern apartment complex on Williamstown’s heritage waterfront strip. A two-car parking allocation is provided, which is a meaningful advantage in this bayside pocket and gives it an edge over older apartment stock. The property sits within walking distance of Nelson Place dining, retail, tram access, and the foreshore, so the day-to-day appeal is strong. Low-maintenance living is achieved without sacrificing a sense of place; the surrounding streetscape is established, tightly held, and visually distinctive. That combination suits downsizers, professional couples, and investors who want a well-located unit with practical parking and minimal upkeep. The balance of location, configuration, and modern presentation is rarely available at this end of the market.
Value may be shaped by the unit’s floor level and aspect, as those factors influence light, quiet, and outlook without changing the footprint. Heritage overlays apply across the precinct, though for an apartment these controls primarily affect external change and common property, not internal updates. The mixed commercial-residential character of the strip might mean busier public frontages than a purely suburban street, and this should be weighed against the convenience it provides. Finish quality and maintenance of the common areas may also inform how the unit compares with others in the complex. These factors are best considered during an inspection, with attention to orientation, noise, and the condition of shared spaces.
Detailed Independent Property Report prepared by PropCred Analyst team for 4/87-115 Nelson Place, Williamstown VIC 3016
Checks found:
Value Risk
1
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Williamstown’s housing market commands a $1.56–1.6m median, with annual growth ranging from -2.1% to +4.6% across sources. The unit segment is more divergent: medians span $680k–$890k, and growth swings between -7.65% and +16.34%, reflecting outsized sensitivity to property-specific factors. Houses sell in 52–74 days, a moderate turnover for the bracket. Rents for houses sit at $770–$800 weekly, producing gross yields of 2.4–2.8%; units rent at $550 weekly for a 4.0% yield. Demand is driven by limited supply, lifestyle amenities, and desirable location, with constrained inventory underpinning pricing.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 107/47 Nelson Place at $705k; 104/47 Nelson Place at $515k | Property Price Band: $650K–$750K | Value Drivers: two-car parking, modern layout, waterfront precinct location
Bedrooms
3
Bathroom
1
Parking
1
Land
1.76 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!