51 Ulmara Parkway, Maidstone VIC 3012
51 Ulmara Parkway, Maidstone VIC 3012
Modern three-level townhouse | Park-front position | Compact 81m² footprint | Strong inner-west demand | One-car layout
This townhouse holds a genuinely uncommon position for its price point: a modern, three-level layout directly beside Ulmara Park, giving it a permanent green outlook that most comparable townhouses in Maidstone lack. The configuration is practical for its intended buyer—three bedrooms and two bathrooms across a compact footprint, with open-plan living that suits first-home buyers, young professionals, or small families wanting a low-maintenance base close to the CBD. Its strength lies in the combination of contemporary build quality, park adjacency, and a price band that remains accessible relative to detached housing in the same suburb. The property is best suited to buyers prioritising lifestyle convenience and minimal upkeep over land area or single-level living.
The compact 81m² land component and three-level design may limit appeal for those seeking outdoor space or easy accessibility, while the single car space is a modest constraint compared to larger townhouse offerings nearby. The mid-2010s build era suggests modern finishes and efficient layout, but the lack of a confirmed build year means condition and presentation should be verified in person. Rental demand appears solid for this format, supported by consistent interest in similar three-bedroom townhouses in the area, which may underpin value for investor-minded buyers. The park outlook and proximity to schooling are likely to hold appeal over time, though the small land size may cap long-term capital growth relative to larger properties.
Detailed Independent Property Report prepared by PropCred Analyst team for 51 Ulmara Parkway, Maidstone VIC 3012
Checks found:
Value Risk
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Maidstone, ~9km west of Melbourne’s CBD, is attracting young couples, investors, and first homebuyers, drawn to its mix of post-war homes, infill developments, new townhouses, and a growing café culture. House price estimates span $774,000–$898,000, with annual growth ranging from -0.58% to +2.3% across sources; units range $427,500–$655,000, with several measures in decline. Houses sit on the market for 43–97 days, and annual sales volume of 95–142 signals limited turnover. Gross rental yields are modest at 3.55% for houses and 4.89% for units, while median weekly rents are $610 and $550 respectively. Proximity to Highpoint and the Maribyrnong River supports demand, but longer selling times—up to 97 days—point to cautious buyer sentiment.
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PropCred Estimated Value
Comparable Sales: 17 Ulmara Parkway sold mid-$600k range; 2 Ulmara Parkway sold near $940k | Property Price Band: $650k–$700k | Value Drivers: park frontage, modern three-level layout, compact land size
Bedrooms
3
Bathroom
2
Parking
1
Land
84m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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