3/31 Remington Drive, Glen Waverley VIC 3150
3/31 Remington Drive, Glen Waverley VIC 3150
Townhouse, rear position, sunlit interior | Mount View Primary 0.5km, Brentwood College 1.9km | No overlays | 4 bedrooms, 3 bathrooms, 2 car spaces
This property offers a rare combination of a quiet rear position in a development with state-appointed finishes, making it a strong option for a family seeking low-maintenance living in a sought school catchment. The absence of bushfire, flood, or heritage overlays simplifies due diligence and reduces insurance cost risk. For a buyer prioritising proximity to quality government schools and a peaceful setting, this townhouse competes well against detached houses in the area, particularly given its modern interior and sunlit layout. It best suits a professional couple or small family wanting move-in condition with minimal ongoing work.
The key risk is the 257mยฒ land size, which limits future subdivision or significant extension potential, and the off-market status may indicate a motivated seller but also less buyer competition. The rental estimate of $935 per week provides a solid 3.5% gross yield, supporting an investment hold strategy. For an owner-occupier, the location and school zoning are the primary value drivers, while an investor should focus on the rental demand from families in the area. Hold this property for its school catchment and low-maintenance appeal, not for land banking.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Glen Waverley is a premium, family-centric suburb anchored by its highly regarded school catchments, which are a primary driver of demand from owner-occupiers. This has supported consistent price growth for houses, though the market shows some sensitivity to broader economic conditions. Future demand is underpinned by these established educational amenities and strong community infrastructure, yet significant entry prices present a notable affordability constraint for new buyers.