1/53 Britannia Way, Lilydale VIC 3140
1/53 Britannia Way, Lilydale VIC 3140
Single-level front house | 3-bedroom family layout | Dual living zones | Compact low-maintenance land | Front-of-two configuration
This property is competitively positioned as a single-level front house within a two-dwelling arrangement, offering three bedrooms and two bathrooms in a layout that suits young families, downsizers, and investors alike. The dual living zones provide practical separation for daily use, while the low-maintenance outdoor entertaining area reduces upkeep without sacrificing lifestyle appeal. In Lilydale, where larger land parcels are common, this house stands out for its efficient use of space and accessible design, making it a strong option for buyers seeking a manageable family home with modern amenities like split-system heating and cooling, ceiling fans, and mirrored built-in robes. The front position on the site also offers more privacy and presence than a rear unit, which should appeal to owner-occupiers looking for a house that feels like a home rather than a rental investment.
The value of this property may be influenced by its compact land size, which could limit expansion potential and appeal to buyers who prioritise outdoor space. The configuration as a front dwelling in a two-home site might also affect resale appeal compared to a standalone house, as some buyers prefer a fully detached property. The absence of explicit build year or renovation records means the condition of key systems like roofing or plumbing should be verified, though the modern finishes suggest recent updates. Orientation and aspect are not confirmed, which could impact natural light and heating costs. Buyers should weigh these factors against the convenience of a single-level layout and the practicality of a 3-bedroom, 2-bathroom format that remains a popular choice in the local market.
Detailed Independent Property Report prepared by PropCred Analyst team for 1/53 Britannia Way, Lilydale VIC 3140
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
1
Income Risk
Execution Risk
2
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Market Insight
Lilydale presents as a stable, family-oriented suburb with high owner-occupancy, underpinned by a professional demographic. Demand is driven by established households seeking long-term security, reflected in consistent sales activity. The market demonstrates solid capital appreciation for houses, with a more tempered trajectory for units, while rental yields remain attractive. Future growth is supported by sustained buyer interest, though a slightly extended sales period compared to peers suggests a measured market pace, with affordability for the dominant demographic a key consideration.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
369m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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