403/277 Raglan Street, Preston VIC 3072
403/277 Raglan Street, Preston VIC 3072
This 2-bedroom, 1-bathroom apartment at 403/277 Raglan Street, Preston offers 69 square metres of internal space with one parking spot. It sits on the fourth floor of a mid-density building, a configuration that is standard for the area but the floor level provides a slight advantage in terms of light and reduced street noise compared to lower floors.
The property is competitively positioned for first-home buyers or investors seeking a solid entry point into Preston. Its size and layout are typical of well-established apartment stock in the suburb, which means it appeals to those who prioritise practicality over luxury. The fourth-floor position is a genuine strength, offering better privacy and outlook than ground-level units in the same complex. This apartment serves best as a low-maintenance home for a small household or a reliable rental investment in a suburb with consistent demand.
The value of this property may be influenced by the lack of specific finish details and the building’s age, as older apartments can require more upkeep or have higher body corporate fees. Its smaller internal area compared to newer developments in the area might also affect resale appeal, particularly if buyers expect more generous living spaces. The absence of on-site amenities like a gym or pool is not unusual for this type of building, but it does mean the property competes primarily on location and price rather than extra features.
Detailed Independent Property Report prepared by PropCred Analyst team for 403/277 Raglan Street, Preston VIC 3072
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Preston is a well-established, family-oriented suburb with strong professional demographics and excellent connectivity to Melbourne’s CBD, underpinning steady demand. The market is primarily driven by owner-occupying families, reflected in robust house sales and stable capital values, while the unit segment presents a more varied performance. Recent conditions show houses transacting efficiently, supported by rental growth, though modest price appreciation and divergent unit trends indicate sensitivity to broader economic factors. Future appeal is anchored in its infrastructure and established character, with the key constraint being the softer performance of the apartment market.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1228m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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