45/61 Hughes Avenue Edithvale VIC 3196
45/61 Hughes Avenue Edithvale VIC 3196
2-bed villa in tight complex | 142mยฒ courtyard living | 80% owner-occupied street | strong 2-bed demand in Edithvale
This property offers a rare configuration edge: a villa with its own courtyard and open parking in a multi-unit complex where 80% of neighbours are owners, not renters. For a buyer seeking a lock-and-leave home or a low-maintenance base near the beach and train, the 142mยฒ floor plan with timber-look floors and stone bench kitchen provides genuine liveability without strata fees. The suburbโs 2-bed house market clears quicklyโ18 sales this year, averaging 35 daysโwhich signals consistent demand from downsizers and young professionals who value the school zone and FTTP connectivity.
The primary risk is the complexโs 47-property density: resale competition among identical units may cap long-term capital growth compared to detached houses. The 2024 sale at $800,000 after 19 days on market confirms strong liquidity, but the asking range sits near that recent trade, leaving limited short-term upside. For a buyer, the opportunity is to negotiate from a position of known comparablesโuse the 2024 sale as a ceiling. Hold this property as a stable, low-fuss home or rental; its courtyard and owner-occupied street give it better holding power than a standard apartment.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Edithvale presents as a stable, family-oriented coastal suburb experiencing steady demand from established professionals. This demographic is driving a resilient market, with house prices demonstrating consistent, moderate growth while the unit segment shows stronger recent momentum. Rental yields remain modest, though rising rents indicate solid tenant demand. Future growth is underpinned by its enduring appeal to owner-occupiers, though the market’s sensitivity to broader economic conditions represents a key consideration for prospective buyers.