60 Quarry Circuit, Coburg VIC 3058
60 Quarry Circuit, Coburg VIC 3058
1-bedroom apartment, 58sqm, Coburg location, last sold 2021 | Apartment unit in residential complex, 1 bath | Part of a residential complex, not standalone | Configuration suits a single occupant or investor.
This property offers a compact but functional 58sqm footprint, which is competitive for a one-bedroom in Coburg’s apartment market. Its positioning within a residential complex provides a level of security and shared amenity that appeals to first-home buyers or investors seeking a low-maintenance holding. The unit’s configuration, consistently described as either an apartment or unit, suggests a practical layout that avoids wasted space, making it a sensible entry point into a suburb with strong transport and retail connections.
The primary risk is the inconsistent market status, indicating potential off-market or withdrawn listing, which may signal limited liquidity or a vendor testing demand. Without recent comparable sales, the 2021 price of $320,000 offers a baseline but not current leverage. The opportunity lies in negotiating from a position of known historical value, especially if the vendor is motivated. Hold for steady rental yield or occupy as a cost-efficient base in a well-connected pocket.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 60 Quarry Circuit, Coburg VIC 3058
Market Insight:
Coburg is a well-established, gentrifying inner-northern suburb with strong appeal for young families and professionals, driven by its proximity to the CBD and vibrant local amenity. Demand is robust, supported by consistent sales activity and positive price growth across the housing market. Future prospects are underpinned by ongoing gentrification and transport links, though increasing medium-density supply and high house prices present affordability and market sensitivity considerations.