6/23 Grange Road, Alphington VIC 3078
6/23 Grange Road, Alphington VIC 3078
split-level townhouse | boutique block of seven | 2016 build | one bathroom constraint
A split-level layout is used to separate living and sleeping areas, a feature rarely found in compact two-bedroom townhouses. The property is positioned within a boutique block of seven, ensuring privacy and a low-density feel. Modern finishes such as hardwood floors and granite benchtops are included with the 2016 build, reducing ongoing maintenance. Proximity to Alphington station and Yarra parklands is considered a major draw for downsizers, first-home buyers, and investors. The single bathroom is noted as a constraint, but it does not undermine the property’s core suitability for small households.
The single bathroom may narrow the buyer pool, as two bathrooms are often prioritised. No verified aspect data means daylight levels are uncertain, which could influence perceived value. Value is likely driven by the block’s condition and local amenity rather than land content. Rental returns appear reasonable, but price growth may be limited by the supply of similar two-bedroom units.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/23 Grange Road, Alphington VIC 3078
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
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Market Insight
Alphington is a well-established, family-focused suburb prized for its lifestyle appeal, proximity to the Yarra River, and strong transport links to Melbourne’s north and inner east. Demand is driven primarily by owner-occupying professionals and families seeking quality education and a premium environment, which sustains competition for limited stock. While the house market has experienced recent price adjustments, the unit segment shows resilience with stronger growth, supported by higher rental yields. Future demand is underpinned by its enduring lifestyle proposition, though high entry prices and sensitivity to broader economic conditions remain key constraints.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
739m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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