814/38 Mt Alexander Road, Travancore VIC 3032
814/38 Mt Alexander Road, Travancore VIC 3032
A 51-square-metre two-bedroom, one-bathroom apartment on level two with a balcony, a secure car space, and a contemporary kitchen including gas cooking and a dishwasher. It is part of a large 1.6-hectare residential lot in Travancore, with no heritage or environmental overlays.
This unit is positioned well within Travancore’s apartment market, where a two-bedroom configuration with a balcony and secure parking is a sought-after combination. The large shared landholding suggests it belongs to a complex with generous communal grounds, a rarity for a flat of this size and a clear competitive edge over newer, denser developments. The estimated rental yield is notably strong, which will appeal most to investors seeking a solid income stream from an entry-level price point. For owner-occupiers, particularly singles or couples, it offers a functional layout in a well-connected suburb with good school catchment access.
The listed price sits above the estimated value, which may reflect a premium for the unit’s specific features or current market conditions. The small internal area of 51 square metres could limit appeal for families or those needing more space, potentially affecting resale velocity. Conflicting market status signals between platforms introduce a note of caution, as this may indicate a withdrawn listing or a recent change in availability that a buyer should verify directly. The absence of recent comparable sales data means the price should be tested against direct inspections and agent negotiation to confirm fair value.
Detailed Independent Property Report prepared by PropCred Analyst team for 814/38 Mt Alexander Road, Travancore VIC 3032
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
1
Execution Risk
2
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Market Insight
Travancore is a high-density urban precinct dominated by apartments, attracting a young professional demographic. Demand is driven by this cohort seeking proximity to key transport corridors, though recent price trends for houses show significant volatility while the unit market demonstrates steadier auction performance. Future activity will be anchored by its established apartment supply, yet risks include a declining population and sensitivity within the detached housing segment.
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PropCred Estimated Value
Bedrooms
2
Bathroom
1
Parking
1
Land
1.6 ha
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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