99 Atheldene Drive, St Albans VIC 3021
99 Atheldene Drive, St Albans VIC 3021
3-bedroom house | 540m² block | 264m² building | 49% site coverage | reliable NBN and 5G | no overlays | St Albans
This property offers a rare combination of generous site coverage and a substantial building footprint on a 540m² lot, which positions it competitively for buyers seeking immediate space without immediate renovation. The 264m² building size with 49% site coverage suggests efficient land use, and the absence of bushfire, flood, or heritage overlays reduces compliance risk. It serves best for owner-occupiers wanting a solid family home in a stable suburb where 61% of properties are owner-occupied, indicating lower turnover and potentially steadier value retention.
The main risk is the 2012 last sale date, which may imply deferred maintenance, and the minor garage discrepancy between listing sources could signal inconsistent documentation. However, the rental midpoint of $540 per week offers a viable holding strategy if purchase timing shifts. The property’s elevation and roof height are neutral but confirm no unusual structural constraints. For a buyer, this is a straightforward hold with potential for incremental value growth through cosmetic updates rather than structural changes.
Detailed Independent Property Report prepared by PropCred Analyst team for 99 Atheldene Drive, St Albans VIC 3021
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
St Albans presents as a well-connected, established suburb experiencing robust capital growth, particularly in its unit market. Demand is driven by a broad demographic seeking relative affordability within Greater Melbourne, supported by strong rental growth. Recent conditions show a consistently active sales market with solid price appreciation across both houses and units. Future growth is underpinned by this sustained demand, though variable selling periods and a moderate auction clearance rate indicate some sensitivity to broader market conditions.
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PropCred Estimated Value
Bedrooms
3
Bathroom
1
Parking
2
Land
540m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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