423/70 Batesford Road, Chadstone VIC 3148
423/70 Batesford Road, Chadstone VIC 3148
2-bed apartment, 4th floor north aspect | City skyline view balcony | 2017 build with premium finishes | Compact but well-appointed | Strong rental yield near station and shops
This property sits in a notably well-equipped segment of Chadstone’s apartment market. The 2017 build, northerly orientation, and fourth-floor city-view balcony are uncommon in a suburb where older walk-ups and detached houses dominate. Full-height windows, stone benches, Bosch appliances, double glazing, and lift access lift it above entry-level stock. The compact 54 m² internal layout is typical of newer supply, but the large balcony and basement parking add functional space. It suits owner-occupier professionals who value low-maintenance living near Holmesglen station and Chadstone Shopping Centre, or investors seeking a yield in the mid-6% range from a modern, tenant-friendly property.
The compact internal area may limit appeal for buyers who prioritise generous room sizes, and the property’s value could be influenced by how the total 89 m² figure is allocated between internal and balcony space. Proximity to Holmesglen Institute and the station supports rental demand, but also brings higher neighbourhood activity than a quiet residential street. The lack of heritage or flood overlays is neutral, but the Monash Council area’s planning direction for apartments near transport hubs may affect long-term supply and competition. A buyer should weigh the strong rental yield and modern finishes against the trade-off in internal space and street-level privacy.
Detailed Independent Property Report prepared by PropCred Analyst team for 423/70 Batesford Road, Chadstone VIC 3148
Checks found:
Value Risk
✓
Liquidity Risk
✓
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Chadstone VIC 3148
Chadstone is a family-oriented suburb with a strong professional demographic, underpinning its stable market positioning. Demand is primarily driven by these established households seeking detached homes. Recent price trends show solid growth for houses, while the unit market demonstrates even stronger performance, supported by rising rental yields and robust rent increases. Future growth is anchored by this demographic strength, though market data indicates some volatility in house price metrics, suggesting sensitivity to broader economic conditions.
PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
4003m²
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Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst