622 Orrong Road, Armadale VIC 3143

622 Orrong Road, Armadale VIC 3143
Prime location | boutique 24-residence scale | dual-level penthouse with 10 parking spaces | bay and city views | completion early 2024 This property offers a rare combination of a small, exclusive building count and a prime Armadale address near Hawksburn Village and Orrong Park. The 4-bedroom penthouse with dual-level layout, lift access, and 10 parking spaces is a standout for buyers seeking substantial private space and secure parking in a tightly held suburb. The developmentโ€™s limited 24-residence scale and high-end finishes, including a rooftop terrace with pool and spa, position it as a low-density luxury option that appeals to owner-occupiers wanting privacy and convenience without a large buildingโ€™s noise or turnover. The key risk is the bushfire overlay, which may affect insurance costs and resale pool, though the siteโ€™s residential zoning and urban context limit practical impact. The penthouseโ€™s 10 parking spaces are an unusual asset for collectors or multi-car households, but the high price point narrows the buyer field. For an investor, the 2- and 3-bedroom apartments offer stronger rental demand; the penthouse is best held as a long-term primary residence to capture lifestyle value and capital growth from a scarce, well-located product.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Armadale is a professional, high-income suburb with a dense unit market. Demand is anchored by its affluent, working-age demographic. The housing market has softened, with recent price declines and mixed sales activity, though rental demand remains strong, particularly for houses. Future growth is contingent on reversing the current negative price momentum, with the key risk being sustained buyer sensitivity in a cooling market.
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PropCred Estimated Value

Bedrooms

4

Bathroom

4

Parking

10

Land

327mยฒ

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