128 The Parade, Wollert VIC 3750
128 The Parade, Wollert VIC 3750
Modern 2020 build | Prestigious locale | High-end interior specification | Strong rental yield potential
The property’s competitive strength lies in its near-new construction with a premium interior specification—designer kitchen, butler’s pantry, gas fireplace, and master suite with spa ensuite—that positions it above typical stock in Wollert. The double garage with internal access, ducted cooling and heating, and zoned speakers add convenience. This house best serves a family seeking a turnkey home with minimal immediate renovation needs, or an investor targeting the upper end of the rental market, given the suburb’s 4.1% yield and 75% owner-occupier profile.
The primary risk is the auction price guide of $850,000–$935,000, which sits below the estimated value of $944,000–$947,000, suggesting potential for a competitive bidding environment. The property has been on market only 7+ days, indicating limited exposure, but the absence of bushfire, flood, or heritage overlays reduces downside risk. The buyer should inspect thoroughly and review the building and pest report. Hold this property as a long-term family home or rental investment, capitalizing on Wollert’s 3.1% growth trend.
Detailed Independent Property Report prepared by PropCred Analyst team for 128 The Parade, Wollert VIC 3750
Checks found:
Value Risk
Liquidity Risk
2
Planning Risk
Income Risk
1
Execution Risk
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Market Insight
Wollert is a high-growth family suburb in Melbourne’s outer north, positioned as an affordable entry point with strong transport links. Demand is driven by young families and first home buyers seeking larger homes, supported by steady rental yields attracting investors. Recent price growth reflects this sustained demand, with a balanced sales market. Future growth is underpinned by ongoing infrastructure development and population influx, though increasing supply and sensitivity to interest rates present moderating influences on price appreciation.
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PropCred Estimated Value
Bedrooms
4
Bathroom
2
Parking
2
Land
448m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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