L 1 106/51 Abbott Street, Sandringham VIC 3191
L 1 106/51 Abbott Street, Sandringham VIC 3191
3-bed apartment in boutique Coterie project | Coastal Sandringham location | Premium downsizer product | 2 car spaces included | Completion timing still uncertain
This apartment sits within a small, three-storey development of only 25 residences, which is rare for new supply in Sandringham’s coastal pocket. The configuration is generous, with three bedrooms and two bathrooms plus two car spaces, suggesting it is designed for owner-occupiers seeking space without a house. The project’s elevated north-facing orientation and architect-designed interiors position it as a lifestyle property for affluent downsizers or local buyers who value proximity to the bay and village amenities. The limited number of units in the building should support a more cohesive resident profile and lower turnover than larger complexes.
The key factor to weigh is the inconsistency in reported completion timing, with sources pointing to either early or late 2026. This uncertainty may affect settlement planning and any bridging finance considerations. The only recorded sale within the building shows a two-bedroom unit trading at $2.435 million in early 2025, which provides a floor for value but does not directly inform the pricing of this larger, likely higher-floor apartment. The project’s launch pricing for three-bedroom residences ranged from $3.525 million to $3.95 million, so the eventual resale value will depend on how the finished product compares to that initial positioning and whether market conditions shift before completion.
Detailed Independent Property Report prepared by PropCred Analyst team for L 1 106/51 Abbott Street, Sandringham VIC 3191
Checks found:
Value Risk
2
Liquidity Risk
1
Planning Risk
Income Risk
2
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
3
Bathroom
2
Parking
2
Land
2453m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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