6/22 Green Street, Airport West VIC 3042
6/22 Green Street, Airport West VIC 3042
Compact modern townhouse | Low-maintenance attached living | Strong transport-retail access | Balanced owner-investor demand | Finish-driven buyer appeal
This property sits within a pocket of Green Street where modernised townhouse stock dominates, offering a low-maintenance lifestyle that appeals strongly to first-home buyers, downsizers, and small households. The configuration likely features open-plan living, contemporary finishes, and private outdoor space—characteristics that command attention in a market where attached dwellings outperform older walk-up units. Its position near Essendon Fields, Westfield, Keilor Road, and tram 59 gives it a convenience edge that supports both owner-occupier comfort and rental appeal. The 50/50 owner-renter split in the area confirms steady demand from both segments, making this a versatile purchase for someone prioritising lifestyle efficiency over land size.
Value may be shaped by the exact internal layout, the quality of recent renovations, and the size of the private courtyard or balcony. The property’s multi-level design, if present, could appeal to those seeking separation between living and sleeping zones, though it might deter buyers preferring single-level convenience. The absence of a large land component limits upside from future subdivision, but this is typical for the pocket and unlikely to suppress demand given the strong transport and retail proximity. Rental yields in the segment hover around 4.3%, suggesting reasonable income potential for investors. The final price will hinge on how the finishes compare to neighbouring townhouses and whether the property presents as move-in ready or requires updating.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/22 Green Street, Airport West VIC 3042
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
1
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Market Insight
Airport West, 12km northwest of the CBD, is positioned on value and accessibility, drawing families, first-homebuyers and downsizers to its post-war and newer housing stock. House prices are split: YourInvestmentPropertyMag records $1,000,000 (7.3% growth) or $970,500 (7.0%), while Jellis Craig shows $920,000 (-2.12%) over the past year; units range $630,000–$712,000, with growth between -3.5% and 3.01%. Houses sell in 26–66 days, indicating firm but variable demand. Yields are modest for houses (3–3.42%) and stronger for units (4.4–4.45%). Demand is underpinned by proximity to Essendon Fields, Westfield Airport West and major roads. Future growth depends on continued infrastructure-linked appeal and relative affordability; key constraints are the inconsistent price signals, a soft quarterly unit result, and limited rental buffer for houses.
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PropCred Estimated Value
Comparable Sales: 25 Green Street sold for $830,000; 2/28 Green Street valued near $760,000 | Property Price Band: $700,000–$800,000 | Value Drivers: modern condition, layout efficiency, private outdoor space, location convenience
Bedrooms
2
Bathroom
1
Parking
1
Land
697m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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