510/109 Mcleod Road, Patterson Lakes, VIC 3197 | Property Value & History | OnTheHouse
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510/109 Mcleod Road
Patterson Lakes VIC 3197

Bedrooms: 2
Bathrooms: 2
Car spaces: 1
Floor area: 68m2
Land area: 1680m2
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Property Details for 510/109 Mcleod Rd, Patterson Lakes

510/109 Mcleod Rd, Patterson Lakes is a 2 bedroom, 2 bathroom Unit with 1 parking spaces and was built in 2017. The property has a land size of 1680m2 and floor size of 68m2. While the property is not currently for sale or for rent, it was last sold in January 2022.

Building Type
Unit
Year Built
2017
Floor Size
68m2
Land Size
1680m2
Local Government
Kingston
Lot/Plan
511P/PS337700

Last Listing description (August 2026)

Positioned on the top floor of the highly sought-after Pier One complex, this sun-filled apartment delivers an exceptional waterfront lifestyle within the vibrant Marina Precinct. Enjoy beautiful views across the main marina from both the living area and private outdoor space, creating a relaxed and picturesque setting. Ideal for first home buyers, downsizers or savvy investors seeking strong rental returns, this apartment presents an outstanding opportunity in a tightly held location.

Inside, the thoughtfully designed floorplan features a spacious master bedroom complete with a walk-in robe, study desk and private ensuite, while the second bedroom includes built-in robes and is serviced by a central bathroom. The open-plan living and dining area is complemented by a well-appointed kitchen featuring quality appliances, stone benchtops and smart storage solutions, while split-system heating and cooling ensures year-round comfort. Additional highlights include secure parking and private foyer access, offering both convenience and peace of mind.

Residents of Pier One also enjoy exclusive access to impressive resort-style facilities including a rooftop tennis court, swimming pool and gym, all set against sweeping marina views. Perfectly located just moments from the beach and Port Phillip Bay, the apartment is within walking distance of supermarkets, dining and entertainment options, public transport, and the scenic walking and cycling tracks along Patterson River. With easy access to Eastlink for a smooth commute to the CBD and the Cove Hotel next door for waterfront dining, this is a superb opportunity to embrace low-maintenance coastal living.

Property History for 510/109 Mcleod Rd, Patterson Lakes, VIC 3197

A timeline of how this property has performed in the market
Last Sold
$500,000
08 Jan 2022
Listed for Rent
$420/w
01 Jul 2020
  • 22 Apr 2026
    Listed for Sale $450,000 - $480,000
  • 08 Jan 2022
    Sold for $500,000
  • 25 May 2021
    Listed for Sale $495,000 - $544,500
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About Patterson Lakes 3197

The size of Patterson Lakes is approximately 4.3 square kilometres. There are 17 parks, covering nearly 11.5% of the total area. The population of Patterson Lakes in 2016 was 7564 people. By 2021 the population was 7793 showing a population growth of 3.0% in the area during that time. The predominant age group in Patterson Lakes is 50-59 years. Households in Patterson Lakes are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Patterson Lakes work in a professional occupation.In 2021, 79.50% of the homes in Patterson Lakes were owner-occupied compared with 79.40% in 2016.

Patterson Lakes has 4,028 properties. Over the last 5 years, Houses in Patterson Lakes have seen a 5.97% increase in median value, while Units have seen a 8.61% increase. As at 31 July 2026:

  • The median value for Houses in Patterson Lakes is $1,336,796 while the median value for Units is $719,615.
  • Houses have a median rent of $990 while Units have a median rent of $650.
There are currently 23 properties listed for sale, and 7 properties listed for rent in Patterson lakes on OnTheHouse. According to Cotality's data, 149 properties were sold in the past 12 months in Patterson lakes.

Suburb Insights for Patterson Lakes 3197

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Cotality Copyright and Legal Disclaimers about Property Data
Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.