L 1 102/15 Abbott Street, Sandringham VIC 3191
L 1 102/15 Abbott Street, Sandringham VIC 3191
This is a 2-bedroom, 2-bathroom apartment on level 1 of a boutique 24-unit complex. It includes one secure car space and a private balcony. The internal area is 143 square metres, which is generous for a two-bedroom apartment. The building is newly completed and sits on a 2,081 square metre shared lot in Sandringham.
What is competitively strong here is the combination of size and newness. Most two-bedroom apartments in Sandringham are either older or significantly smaller. This unit offers 143 square metres of internal space, which rivals many townhouses, but with the convenience of apartment living. The building is low-rise and boutique, with only 24 units, which is rare in a suburb where newer developments tend to be larger. The finishes are high-end, including double-glazed floor-to-ceiling windows, and the property is positioned to capture the bayside lifestyle that Sandringham is known for. This property best serves affluent buyers—likely couples or small families—who want modern finishes, low maintenance, and a coastal address without the trade-offs of older stock.
Several factors may influence the value of this property. The shared land size of 2,081 square metres is large for a 24-unit building, which could mean higher body corporate fees for common area upkeep. Nearby development activity, including new townhouses on Abbott Street, might increase local density and traffic over time. The property is in a Design and Development Overlay, which may affect future alterations or nearby construction. Buyers should also consider that while the unit is new, the premium for new construction can soften once the building is no longer brand new. These are not risks, but factors worth weighing when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for L 1 102/15 Abbott Street, Sandringham VIC 3191
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
1
Income Risk
1
Execution Risk
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Market Insight
Sandringham is a premium bayside suburb anchored by its beachfront lifestyle and direct city access, attracting established families and professionals seeking quality schools and a stable environment. Demand is driven by owner-occupiers prioritising amenity over yield, supporting resilient but varied house price trends, while the unit market shows divergent performance. Future growth is linked to its enduring lifestyle appeal, though high price points and sensitivity to economic conditions temper transaction velocity and affordability.
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PropCred Estimated Value
Bedrooms
2
Bathroom
2
Parking
1
Land
2081m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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