13/96-106 Elsie Jones Drive, Mooroopna VIC 3629

13/96-106 Elsie Jones Drive, Mooroopna VIC 3629
Retirement community flat | 90mยฒ open plan | private backyard | 1982 build | owner-occupied complex This unit offers a rare combination of full ownership within a 100% owner-occupied retirement complex, which typically stabilises value and limits turnover risk. The 90mยฒ open plan layout with private backyard and carport is competitively spacious for the price point, and the 2.29 hectare lot provides underlying land value that most apartments lack. For an owner-occupier seeking low-maintenance living in a mature, long-term resident area, this property positions well below replacement cost. The 0% auction clearance rate and 4 recent sales in a 22-property complex suggest thin demand and potential resale difficulty, which may compress future capital growth. Buyers should factor in possible age-related restrictions or body corporate conditions tied to the retirement living classification. The 1982 build may require near-term maintenance. If purchasing for personal use, hold as a long-term home; if investing, the lack of rental properties in the complex indicates resale will rely entirely on owner-occupier demand, so price entry must be conservative.

Independent, Unbiased Research Report for this property by PropCred Analyst teamย 

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Market Insight:

Mooroopna presents as a robust and affordable regional hub, anchored by strong family demand. The market is driven by buyers seeking value, with house prices well below the regional average, supporting a high volume of annual sales. Recent price growth has been notably strong, reflecting solid underlying demand in a market that is active yet not overheated. Future growth is underpinned by this sustained buyer activity and relative affordability, though the pace of sales can vary, indicating a market responsive to broader conditions.
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PropCred Estimated Value

Bedrooms

2

Bathroom

1

Parking

-

Land

2.29 ha

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