402/216 Bay Road, Sandringham VIC 3191
402/216 Bay Road, Sandringham VIC 3191
A three-bedroom, two-bathroom apartment with two car spaces spanning approximately 300 square metres of internal space plus a 110 square metre north-westerly balcony. Built in 2020, this is a genuinely oversized apartment in a suburb where most units are under 150 square metres. The configuration is rare for Sandringham and the property sits within the Sandy Hill precinct.
What is competitively strong here is the sheer scale. Most apartments in Sandringham are two-bedroom units under 100 square metres. This property offers a floorplan that rivals a detached house, with a dedicated cinema room, a grand dining area, and a master suite that comfortably fits a king bed. The north-westerly balcony adds genuine outdoor living space rarely seen in apartment stock. The building itself includes amenities like a wine cellar, car wash bay, and dog wash area which signal a premium build quality. This property best serves a family seeking Bayside apartment living without sacrificing space, or a downsizer who refuses to compromise on room proportions. The location within walking distance to Sandringham Secondary College and Sandringham East Primary School strengthens its appeal for families who want the convenience of apartment living with school access.
The value picture has some nuance. The property sold off-plan in 2018 for $1,706,374, which provides a known cost base but the market has shifted since then. The mixed use zoning may affect some buyers perceptions of neighbourhood character, though the building itself is well-established within the Pavilion Green setting. The 300 square metre floorplan is large enough that it may take longer to sell than a standard apartment, simply because the buyer pool is narrower. Buyers should weigh whether the premium for this scale and amenity is justified by the lack of a private garden, which some families might still prefer. The panoramic city skyline view is a genuine differentiator, but its value depends on whether future development in the area might alter sightlines over time.
Detailed Independent Property Report prepared by PropCred Analyst team for 402/216 Bay Road, Sandringham VIC 3191
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Sandringham is a premium bayside suburb anchored by its beachfront lifestyle and direct city access, attracting established families and professionals seeking quality schools and a stable environment. Demand is driven by owner-occupiers prioritising amenity over yield, supporting resilient but varied house price trends, while the unit market shows divergent performance. Future growth is linked to its enduring lifestyle appeal, though high price points and sensitivity to economic conditions temper transaction velocity and affordability.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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