6/91-93 Mcdonald Street, Mordialloc VIC 3195
6/91-93 Mcdonald Street, Mordialloc VIC 3195
Renovated two-bedder in walkable Mordialloc | north-facing garden | scope to lift kitchen and bathroom | strong rental yield potential
This unit occupies a defensible position in a well-maintained low-rise complex, set back from McDonald Street for noise reduction. The north-facing garden and separate laundry are rare in this price band, giving it an edge over competing apartments. The renovated lounge and bedrooms mean a buyer avoids immediate capital outlay, while the dated kitchen and bathroom represent a controlled value-add opportunity,not a structural liability. It suits a first-home buyer seeking a foothold in a coastal corridor, or an investor targeting sub-$510k entry with a realistic $620pw rental return. The lock-up garage and single-level layout broaden appeal to downsizers or those prioritising accessibility.
The flood overlay is the primary risk; it may affect insurance premiums and resale velocity, though no recent sales in the complex suggest limited local precedent for issues. Buyers should verify floorplan dimensions and check body corporate levies, as multi-unit sites can carry unexpected sinking fund obligations. The lack of recent comparable sales in this building means pricing relies on broader Mordialloc median data, which sits above the guide,an opportunity if the auction attracts limited bidding. Hold this unit as a low-maintenance base or rent it into a tight market; the garden and garage will sustain demand even if values soften.
Detailed Independent Property Report prepared by PropCred Analyst team for 6/91-93 Mcdonald Street, Mordialloc VIC 3195
Checks found:
Value Risk
2
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Mordialloc is a vibrant bayside suburb, with its marina, beaches, and café culture anchoring strong lifestyle appeal. This coastal amenity primarily attracts owner-occupiers and lifestyle-focused buyers. The market demonstrates solid fundamentals, with houses showing steady capital appreciation and units exhibiting notably stronger recent growth. Future demand is underpinned by its enduring coastal location, though the premium pricing for houses presents a natural affordability constraint for some segments of the market.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
2336m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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