55 Konrads Cres, Mill Park VIC 3082

55 Konrads Cres, Mill Park VIC 3082
4 bed family home | 719sqm block in Mill Park | three car spaces | generous internal layout This property presents a strong configuration for a Mill Park buyer seeking space and parking rarely combined on a single lot. The 719sqm block with a 165sqm floorplan and three car accommodation gives this house a functional edge over typical four-bedroom offerings in the area, where two-car garages and smaller blocks are common. It best suits a family requiring off-street storage or multiple vehicles, or an investor targeting tenants who value practicality over polish. The mid $700k price guide aligns with the block size and bedroom count, positioning it competitively against similar listings. The risk lies in the inconsistency across listing data, particularly the bedroom count discrepancy. A buyer must verify the floorplan in person to confirm the fourth bedroom is a genuine room, not a study or converted garage, as that affects both use and resale. The land size variance between 715sqm and 719sqm is negligible, but any misrepresentation of car spaces demands scrutiny given the three-car claim is a key differentiator. The higher $894k automated estimate appears disconnected from the active listing price and should be ignored. If the configuration holds, this property offers solid long-term holding for owner-occupiers or a stable rental with moderate capital growth in Mill Parkโ€™s established corridor.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 55 Konrads Cres, Mill Park VIC 3082
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Market Insight:

Mill Park is a well-established northern suburb offering strong connectivity via major freeways and rail, appealing to family buyers and commuters. Demand is driven by families and young professionals seeking proximity to employment hubs, supported by consistent rental demand from investors. The market exhibits robust price growth across both houses and units, with a steady sales volume indicating sustained activity. Future growth is underpinned by infrastructure links and school catchments, though affordability pressures and interest rate sensitivity present key constraints to entry-level buyers.
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PropCred Estimated Value

Bedrooms

4

Bathroom

2

Parking

3

Land

719mยฒ

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