Second bathrooms could be adding six-figures to the sale prices of some Melton properties, according to new data.
Real Estate Institute of Victoria figures for the year to June 30, show that two-bedroom apartments in Melton had a median price of $400,000 – $160,500 more than homes with one bathroom.
Two-bedroom units with a second bathroom also fetched considerably more in Hobsons Bay, Maribyrnong and Brimbank.
REIV president Joseph Walton said second bathrooms were very popular with buyers, particularly in premium bayside and inner-city areas.
“The number – and quality – of bathrooms is a key consideration for buyers, especially those with families,” Mr Walton said.
“Buyers are often willing to pay a premium for the convenience of two bathrooms,
rather than purchase with the intent to renovate.
“Investors are also realising the value of having a second bathroom when listing properties for lease, with these homes delivering solid rental returns.
“Second bathrooms are popular with a wide range of prospective tenants, whether they be families or those moving into a shared situation.
“Given homes with added amenities are highly desirable, many new properties are now being built to cater to the growing demand for two bathrooms.”
For three-bedroom houses, Port Phillip properties with two bathrooms commanded median prices of $1,830,000 – $252,500 more than three-bedroom houses in the municipality with one bathroom.
Other Melbourne metropolitan areas where houses with two-bathrooms sold for about $170,000 more than the median prices included Bayside, Mornington Peninsula and Moonee Valley.
