40 Kirwana Grove Montmorency VIC 3094

40 Kirwana Grove Montmorency VIC 3094
End of no-through road | Elevated park-side position | 5 bedrooms on 1106sqm | No overlays limit use The buying case rests on a rare configuration: a five-bedroom house on a full 1106sqm lot at the end of a no-through road, with one boundary opening directly onto parkland. This positioning delivers a level of privacy and spatial buffer that is increasingly scarce in established suburbs like Montmorency. The absence of bushfire, flood, or heritage overlays simplifies future planning and reduces holding risk. The property suits a family seeking long-term room to spread out, or a buyer who values a quiet, elevated site with immediate park adjacency. The study and reliable internet provision support remote work, which broadens the buyer pool. The primary risk is the gap between the estimated value range of $1.136โ€“$1.220 million and the listed price range of $1.25โ€“$1.35 million. This delta suggests the vendor holds above-market expectations, and the property may sit until price adjustment occurs. Without sales history or interior data, the condition and layout quality remain unknown, adding inspection risk. The opportunity lies in the land-to-building ratio: at 17% coverage, there is clear potential to extend, reconfigure, or redevelop the house in a low-overlay environment. The property should be held as a long-term family home with a view to capitalising on the siteโ€™s expansion capacity once market pricing aligns.

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

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Market Insight:

Montmorency is a well-established, family-focused suburb in Melbourne’s northeast, prized for its leafy setting and strong transport links. Demand is driven primarily by owner-occupying families and commuting professionals, attracted by quality local schools and a stable community. The housing market demonstrates resilience with steady annual sales, while the unit segment has experienced recent softening. Future growth is supported by consistent family demand, though affordability constraints and modest rental yields present considerations for investors.
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PropCred Estimated Value

Bedrooms

5

Bathroom

3

Parking

3

Land

1106mยฒ

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