31 Belleville Close, Burnside Heights VIC 3023
31 Belleville Close, Burnside Heights VIC 3023
4 beds, 2 baths, 4 cars | 526m² lot, 202m² build | No overlays, Melton Council | Family-ready with ducted heating, cooling, and outdoor entertainment
This property offers a rare combination of generous land and building coverage in a growth corridor with no restrictive overlays, giving a buyer immediate use and future optionality. The 4-car configuration and separate entertainment area serve families needing space for vehicles and gatherings, while the recent 2024 sale history provides a clear cost base for equity analysis. It suits owner-occupiers seeking a modern, low-risk family home near schools and amenities.
The main risk is that the indicative price range sits above the recent $580,000 purchase, reflecting market movement but also possible vendor expectation. No flood, bushfire, or heritage constraints reduce legal risk, and the residential zoning supports standard use without complication. For a buyer, the commercial logic lies in securing a property with strong rental demand ($590pw midpoint) and minimal planning friction. Hold for medium-term family use or rent; the lot size and configuration retain appeal in a rising suburb.
Detailed Independent Property Report prepared by PropCred Analyst team for 31 Belleville Close, Burnside Heights VIC 3023
Checks found:
Value Risk
!
1
Liquidity Risk
!
1
Planning Risk
✕
2
Income Risk
✕
2
Execution Risk
!
1
Market Insight
Burnside Heights is a family-oriented suburb with a high rate of home ownership, driven by young professional couples seeking established family homes. Recent price growth has been inconsistent, with a stable median but mixed short-term performance, while properties typically transact within a reasonable market timeframe. Future potential is underpinned by solid long-term capital growth and steady population increases, though the market demonstrates sensitivity to broader economic conditions.
PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
4
Land
526m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
·
Reviewed by Matt Proctor, Principal Analyst
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