86 Latrobe Street, Bulleen VIC 3105
86 Latrobe Street, Bulleen VIC 3105
4-bed townhouse on 385sqm | Built 2011, low-maintenance | Rear garage access, gated entry | Bulleen, good school catchments
This property offers a rare configuration advantage in Bulleen: a four-bedroom townhouse on a single title with a double garage and rear lane access, built in 2011 so requiring minimal immediate capital. The 218sqm internal footprint and covered alfresco area suit a family seeking lock-and-leave convenience without sacrificing entertaining space. With 75% owner-occupancy in the suburb and strong auction clearance rates, buyer demand here is stable rather than speculative, making this a sensible choice for an owner-occupier wanting a move-in ready home in a catchment for Viewbank College and Bulleen Heights School.
The main risk is the price guidance sitting below independent valuations, suggesting the vendor may hold firm at auction or that competitive bidding could push the final figure above the range. The 385sqm lot is modest for the area and the building coverage at 57% leaves limited scope for future extension. No heritage or flood overlays reduce regulatory risk but the Manningham Council area can be slow for approvals. For a buyer, the commercial logic is to secure a modern townhouse with good school access and low upkeep, then hold for five to seven years as the suburb’s family demographic firms.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Bulleen is an established, family-oriented suburb in Melbourne’s north-east, characterised by a high proportion of detached housing and outright owners. Demand is primarily driven by owner-occupying families and downsizers, attracted by its quality school catchments and proximity to eastern employment hubs. Recent market conditions show resilient house prices with moderate growth, while the unit segment has experienced some softening. Future growth is underpinned by consistent rental demand and limited new supply, though high price points and interest rate sensitivity present affordability constraints for new entrants.