5/152 Grange Road, Alphington VIC 3078
5/152 Grange Road, Alphington VIC 3078
New build | private backyard | 3-level townhouse | premium finishes | inner-north convenience
This townhouse stands apart from typical Alphington stock because it is brand new, architect-designed, and part of a small five-home project rather than a standard infill row. The private backyard is a genuine rarity for a multi-level townhouse of this size, and the double garage, oak floors, stone benchtops, and zoned climate control place it clearly above entry-level product. It serves best a professional couple or young family who want lock-and-leave living without sacrificing outdoor space, and its position near Fairfield Village, the Yarra trails, and Alphington Station makes it a strong fit for those who value walkability and a quick CBD commute.
The value picture may be shaped by how buyers weigh the townhouse format against the price point, since a detached period home in the suburb could be acquired for a similar figure. The 809 m² site is shared across five homes, so land content is modest even though the building footprint is generous. The internal layout across three levels may not suit those seeking single-level living, and the absence of a confirmed orientation means natural light and garden aspect should be checked on inspection. The rental estimate of $880 per week suggests solid investor appeal, which may support competition from buyers planning to lease rather than occupy.
|| Comparable Sales: 4/152 Grange Road sold around $1.345M; 3/152 Grange Road sold near $900K | Property Price Band: $1.1M–$1.2M | Value Drivers: private backyard, new-build condition, double garage, premium finishes
Detailed Independent Property Report prepared by PropCred Analyst team for 5/152 Grange Road, Alphington VIC 3078
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
URL has been copied successfully!
Market Insight
Alphington, positioned along the Yarra with rail and road links to the CBD, draws higher-income families and professionals seeking school catchments and lifestyle amenity. House price data varies by source, but the median sits roughly between $1.58m and $2.05m, with most measures showing annual declines of 2.2% to 6.8%; one index records a 1.99% gain. Units have outperformed, with medians around $730k–$865k and positive growth up to 8.26%. Houses average 50–78 days on market, with a gross yield near 2.4%; units yield 4.1–4.4%. Weekly house rents run $850–$875, units $550–$600. Annual house sales are subdued at 55–85, reflecting tight supply. Future demand is underpinned by employment access, limited family stock and school quality. Key constraints are affordability relative to Melbourne, rate sensitivity and thin turnover, which amplify price volatility.
URL has been copied successfully!
PropCred Estimated Value
Comparable Sales: 4/152 Grange Road sold around $1.345M; 3/152 Grange Road sold near $900K | Property Price Band: $1.1M–$1.2M | Value Drivers: private backyard, new-build condition, double garage, premium finishes
Bedrooms
3
Bathroom
2
Parking
2
Land
809m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
URL has been copied successfully!