5/3-5 Centennial Avenue, Brunswick West VIC 3055
5/3-5 Centennial Avenue, Brunswick West VIC 3055
This is a three-bedroom, one-bathroom unit on a 1,093 m² shared land parcel in Brunswick West. It is part of a nineteen-property low-rise building and was previously sold in 2016. The unit features an open-plan layout with natural light and a well-appointed kitchen with ample storage.
This property is competitively rare in Brunswick West for its three-bedroom configuration within a low-rise, boutique block. The open-plan layout and generous natural light are desirable features that are not common in older unit stock. It is best suited for a buyer seeking more space than a typical one or two-bedroom unit, such as a small family or a professional wanting a home office. The property sits within an established, quiet residential suburb, and its large shared land parcel offers a sense of space that is unusual for a unit. This positions it as a premium option within the local unit market.
The single bathroom for three bedrooms may be a material constraint for some buyers, potentially limiting the pool of interested parties. The high estimated value relative to typical unit prices in the area might also affect how quickly it sells, as it targets a more specific buyer with higher capital. The shared land title means no private outdoor space, which could be a factor for those comparing it to a townhouse. A buyer should weigh these points carefully when forming a view on price, as they may influence both demand and final sale terms.
Detailed Independent Property Report prepared by PropCred Analyst team for 5/3-5 Centennial Avenue, Brunswick West VIC 3055
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
2
Execution Risk
2
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Market Insight
Brunswick West is an established inner-north suburb experiencing steady demographic and price growth, anchored by a young professional population. Demand is driven by families seeking larger homes and investors attracted by strong rental yields in the unit sector. Recent house price trends show stability with some variability, while the unit market demonstrates consistent growth. Future demand is supported by population increases and constrained housing supply, though market sensitivity and affordability present ongoing considerations.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
1
Land
1093m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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