9/394-395 Station Street, Bonbeach VIC 3196
9/394-395 Station Street, Bonbeach VIC 3196
2 bed unit | 286m² shared-title land | station-side coastal pocket | compact low-maintenance footprint | older-style finish
This unit holds a genuine edge for its size and position. A two-bedroom layout on a 286m² allotment is uncommon in Bonbeach’s older attached stock, where one-bedroom units dominate the lower price range. The dual-street numbering signals a small complex, which typically means lower body corporate fees and fewer neighbours than a larger block. Its location on Station Street places it within a short walk of the beach, the train line, and the local café strip, giving it a lifestyle pull that suits first-home buyers, downsizers, or investors seeking steady rental demand. The property competes well against newer townhouses in the area because it offers a similar coastal convenience at a more accessible price point, though the finish level will likely be dated and the internal space modest.
The main factors that may shape its value are the condition of the interior and the quality of the shared complex. Older units in this pocket often carry original kitchens and bathrooms, which can feel tired against newer stock and may require a renovation budget. The 286m² land component is a real advantage, but its usefulness depends on how the title is structured and whether there is private outdoor space or shared common areas. Buyers should also weigh the unit’s position within the complex, as street noise, natural light, and parking arrangements can vary noticeably between units in the same development. These elements may influence how quickly it sells and what buyers are willing to pay, rather than any fundamental weakness in the location itself.
|| Comparable Sales: similar two-bed units in Bonbeach have recently sold between $580,000 and $660,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, complex quality, interior condition, proximity to station and beach
Detailed Independent Property Report prepared by PropCred Analyst team for 9/394-395 Station Street, Bonbeach VIC 3196
Checks found:
Value Risk
2
Liquidity Risk
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
The suburb’s median house price is $1.15M, up 12.2–12.4% yearly, with 45–71 days on market. Units trail at $725–750k, growing 5.5% but down 6% quarterly. Annual house sales of 58–96 point to scarce supply driving competition. Gross yields are 3.2% for houses, 4.1% for units; weekly rents $695 and $572–575. Affordability and unit-market softness are the key risks, with price momentum dependent on continued listing constraints.
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PropCred Estimated Value
Comparable Sales: similar two-bed units in Bonbeach have recently sold between $580,000 and $660,000 | Property Price Band: $600,000–$700,000 | Value Drivers: land size, complex quality, interior condition, proximity to station and beach
Bedrooms
2
Bathroom
1
Parking
2
Land
2940m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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