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This property has been sold on 6 Aug 2026
78 days on market
Market context at sale
Listing journey
EssentialsThis property went through 2 price reductions over 78 days on market. See what it first asked, every reduction along the way, and what it finally sold for.
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Property overview
This 3-bedroom unit at 23/49-51 Bay Rd in Sandringham, VIC 3191 sold in August 2026, with 2 bathrooms and parking for 2. The unit was built in 2005. Sandringham sits about 16 km from the CBD, where the median unit price is $710K. There are 42 schools within roughly 5km, and the area scores 68 for walkability and 96 for transit out of 100.
A plain-language read on this listing (Strong, Monitor or Caution) drawn from its asking price, valuation gap, yield and suburb trend.
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Based on $2,550,000 asking signal.
Signals use available listing and suburb data. They are not personal financial advice.
Listed
Updated
Days on market
78
Latest price change
$2,700,000 to $2,550,000
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Sandringham at a glance
Unit market signals | VIC 3191
Median
$710K
Market signals
To CBD
16 km
Est. Valuation
$1,963,529
Potential Sell Price
Est. Rent/wk
$953
Potential Gross Yield
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Addresses, sold dates, days on market, sold vs asking spreads, plus the subject vs median verdict for each row.
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Key Highlights
Subdivision & Development Potential
Indicative assessment only. Consult your local council planning department for definitive subdivision information.
Total Cost to Purchase
- Purchase Price
- $2,550,000
- Stamp Duty (Victoria)
- $145,750
- Transfer/Registration Fee
- $2,500
- Legal & Conveyancing (est.)
- $2,000
- Building & Pest Inspection (est.)
- $700
- Total Cash Required
- $2,700,950
Estimates only. Assumes investment property, standard rates. Verify with your conveyancer.
Listing Details
- Density
- Medium Density
- Listed
- Last Updated
- Postcode
- 3191
- Original listing
- Original listing is on paid plans
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How accurate are AU property valuations?
Four providers benchmarked against 14,000 sold prices. MAE 6.82% to 11.24%, all biased high.
Where Australian property prices are rising and falling in 2026
Capital growth across 12,000+ tracked suburbs: WA +12%, VIC +3.9%, plus the picture in every other state.
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