18 Jacaranda Drive, Baxter VIC 3911
18 Jacaranda Drive, Baxter VIC 3911
3-bedroom red brick | 650mยฒ lot with 6-car capacity | quiet Baxter pocket | wood fire central heating
This house offers a rare configuration advantage on the Mornington Peninsula: six car spaces on a single 650mยฒ lot, including a double lock-up garage and carport for up to four additional vehicles. For a buyer with a boat, trailer, or trade vehicle, this removes the usual compromise between location and storage. The central wood log fire adds winter comfort without ducted heating costs, and the manicured lawns reduce ongoing maintenance. The property suits families seeking a quiet pocket near schools and shops, or a buyer wanting a practical hold with rental yield potential at 3.8%.
The key risk is the need for updatesโthe house last sold in 2000 and its interior layout is dated, meaning renovation costs will be required to lift value toward the estimated $800k range. The listing has only been active for days, so there is no price fatigue yet. The opportunity lies in securing a large lot with superior parking in a suburb with 3.7% growth, then updating selectively to capture equity. Hold this property for medium-term capital gain or use as a low-maintenance rental with strong tenant appeal.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Baxter offers an affordable entry point to the Mornington Peninsula, attracting a mix of young professionals, tradespeople, and established families seeking value. Demand is driven by owner-occupiers, with a significant portion of mortgaged households indicating ongoing buyer commitment. The market demonstrates healthy price growth and tight selling conditions for family homes, supported by stable demographics and solid rental demand. Future prospects are underpinned by its relative affordability and established transport links, though sensitivity to interest rates exists and the very low unit sales volume highlights a constrained and illiquid segment of the market.