31 Pier One Drive, Patterson Lakes VIC 3197

31 Pier One Drive, Patterson Lakes VIC 3197
three-bedroom with four bathrooms and lift | private berth on Patterson River | flood overlay at two-metre elevation | built 2022 with premium finishes This property is considered competitively strong because it delivers a rare waterfront configuration: a private berth, direct river frontage, and lift access within a 2022 build. The four bathrooms for three bedrooms with multiple ensuites and premium finishes push it well above typical suburban townhouses in the area. It is best suited to buyers seeking a boating-oriented lifestyle, downsizers wanting luxury low-maintenance living, or high-income purchasers prioritising lock-up-and-leave convenience in a premium riverside enclave. The flood overlay and low elevation may affect insurance costs and long-term resilience. The wide gap between rental figures might indicate income uncertainty or listing inconsistency that would need verification. While the propertyโ€™s scarcity and finish could support value, the narrow buyer pool means selling periods may lengthen in quieter market conditions.
Detailed Independent Property Report preparedย  by PropCred Analyst team forย 31 Pier One Drive, Patterson Lakes VIC 3197
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Market Insight:

Patterson Lakes is a tightly held waterfront suburb, prized for its resort-style marina living and proximity to beaches. Demand is driven by affluent professionals, retirees, and families seeking a boating and leisure-focused lifestyle. The housing market demonstrates robust stability with consistent capital appreciation, while the unit segment has shown particularly strong recent growth. The suburb’s unique appeal as a coastal boating enclave underpins its value, though its specialised nature and premium positioning inherently limit broader affordability and buyer pools.
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PropCred Estimated Value

Bedrooms

3

Bathroom

4

Parking

-

Land

13.3 ha

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