5/17-23 Marlborough Road, Heathmont VIC 3135
5/17-23 Marlborough Road, Heathmont VIC 3135
3 bed 2 bath 2 car unit in an established complex | Brick veneer construction from the late 1980s | Located close to schools shops and transport | Land size varies between 411 and 497 square metres
What is competitively strong or rare about this property is its configuration. A three bedroom two bathroom two car space unit in a low density suburb like Heathmont is not common. Most older unit stock offers fewer bathrooms and parking spaces. The brick veneer construction and late 1980s era place it in the established rather than new build category which can appeal to buyers wanting proven build quality and established gardens. The location near schools shops and transport adds practical convenience. This property suits downsizers seeking single level low maintenance living or small families wanting three bedrooms without the full cost of a detached house. It also works for investors targeting longer tenure family renters.
Factors that might materially affect value include the variable land size across the complex and the age of the building. Individual lot sizes differ so the exact land figure for this unit matters for valuation. The late 1980s construction means finishes and systems may need updating. No confirmation of kitchen or bathroom upgrade level exists. Body corporate condition and maintenance quality could influence resale. The property sits in a quiet residential street which supports stable demand but limits the premium associated with newer infill product. Buyers should inspect for renovation state and check body corporate records before forming a price view.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/17-23 Marlborough Road, Heathmont VIC 3135
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Heathmont is a well-established, family-centric suburb positioned as a premium leafy enclave with strong metropolitan rail connectivity. Demand is driven predominantly by owner-occupying professionals and managers seeking a family-friendly environment with quality schools and an emerging local amenity scene. The housing market exhibits robust and consistent annual sales activity, with recent price trends indicating solid capital appreciation, though growth metrics vary across property types. Future demand will be sustained by its transport links and appeal to families, yet key constraints include limited affordability relative to broader Melbourne and a tight supply of available stock, introducing sensitivity to broader economic conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
2.22 acres
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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